DOI: 10.1080/14693062.2017.1387512
Scopus记录号: 2-s2.0-85041364685
论文题名: Challenges in financing public sector low-carbon initiatives: lessons from private finance for a school district in British Columbia, Canada
作者: Jensen T ; , Dowlatabadi H
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2017
起始页码: 1
结束页码: 11
语种: 英语
英文关键词: Climate change mitigation
; decentralized governance
; energy efficiency
; public finance
; public–private partnerships
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: Governments are major investors in climate change mitigation, but aversion to public indebtedness has led to reliance on private finance to deliver public assets. Compounding this challenge, financing through Energy Service Contracts is ruled out by accounting rules. With public and traditional private funding avenues closed, government departments have sought contracts that do not disclose the full cost of borrowing, such as the Public–Private Partnership (PPP) described in this case study. We unpack the utility contract filed with the provincial regulator to show that circumventing budgetary constraints cost the Delta School Board (DSB) 8.75% per annum on borrowed private funds while public finance would have cost 4%pa. All levels of the public sector are keen to play their role in climate mitigation. Climate policy is about not passing our burden of unbridled fossil fuel use and greenhouse gas emissions to future generations. If we do not exempt public sector capital investments for decarbonization from deficit regulations, we risk passing an unnecessary economic burden to future generations. Key policy insightsTransition to a low-carbon economy requires public sector investments that exceed budget deficit regulations and political aversion in many jurisdictions;Private–Public Partnerships are currently viewed as the solution to this self-imposed fiscal constraint;PPPs without clear performance targets or contractual templates will expose less experienced public sector investors to high costs and emissions above expectations. © 2017 Informa UK Limited, trading as Taylor & Francis Group Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80233
Appears in Collections: 科学计划与规划
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作者单位: Institute for Resources, Environment & Sustainability, The University of British Columbia, Vancouver, BC, Canada
Recommended Citation:
Jensen T,, Dowlatabadi H. Challenges in financing public sector low-carbon initiatives: lessons from private finance for a school district in British Columbia, Canada[J]. Climate Policy,2017-01-01