Description
Consultant is to identify technical, regulatory, and financial challenges and provide recommendations for scaling up renewable energy to achieve carbon neutrality. The report will evaluate current achievements, and propose actions required to meet net-zero targets. The consultancy will also involve consultations with the private sector and an understanding of how public financing can catalyze technological innovation and private investment. The project envisions large-scale data gathering and analysis, potentially including power system and financial modeling. It will develop a roadmap to unlock the necessary investments. The consulting team will work closely with World Bank experts, country authorities, and sector stakeholders.
The consultant will be tasked with identifying technical, regulatory, and financial challenges that are currently hindering the scale-up of renewable energy in the East Asia and Pacific region. Their role will include providing actionable recommendations aimed at overcoming these barriers to help the region achieve carbon neutrality. The resulting report will assess the region's current progress toward renewable energy goals and suggest concrete steps necessary to meet net-zero emissions targets. This consultancy will also involve conducting consultations with the private sector to better understand how public financing can spur technological innovation and private investment. The project anticipates the collection and analysis of extensive data, which may include power system and financial modeling to inform decision-making. Additionally, the consultant will develop a comprehensive roadmap detailing the investments needed to unlock the region's renewable energy potential. The consulting team will collaborate closely with World Bank experts, country officials, and other key stakeholders in the energy sector to ensure alignment with both regional and global best practices.
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