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Author: Bachmair,Fritz Florian ; Aslan,Cigdem ; Maseko,Mkhulu ; 
Document Date: 2019/01/15 11:47:02
Document Type: Policy Research Working Paper
Report Number: WPS8703
Volume No: 1
 

Abstract

The South African government offers various support mechanisms to support Eskom, the state-owned electric utility, and the independent power producers in providing low-cost electricity, including credit and payment guarantees. Guarantees constitute contingent liabilities to the government and pose risks to government finances. This note illustrates the methodologies explored by South Africa to assess the credit risk from guarantees extended to Eskom. To manage and closely monitor this risk, a dedicated Credit Risk directorate in the Asset and Liability Management division at the National Treasury of South Africa has implemented a risk assessment and management framework, supported by the World Bank Treasury. The team developed a sector-specific internal credit rating methodology to assess Eskom's creditworthiness. Additionally, the team developed a scenario analysis methodology to assess Eskom's ability to service debt from cash flows and cash reserves. The scenario analysis tool is currently used on an ad hoc basis to feed into the various scenarios that are considered for the budget process. Risk assessments are reported to the Fiscal Liabilities Committee on a quarterly basis for risk monitoring and to support recommendations for taking on new contingent liabilities, such as government guarantees. The Fiscal Liabilities Committee advises the minister of finance and is responsible for the determination of the processes and policies for approving guarantees and guarantee-like transactions. The Fiscal Liabilities Committee is generally mandated to promote the optimum management of the government's contingent liabilities, including guarantees. The implementation of further risk mitigation and monitoring tools, such as risk-based guarantee fees, budget allocations, and a contingency reserve account, is under discussion.
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Read more: Managing South Africa s Exposure to...


Abstract

The impact of urban form on economic performance and quality of life has been extensively recognized. The studies on urban form have focused in developed countries; only a few cities in developing countries have been studied. This paper utilizes nighttime lights imagery and information on street networks, automatically retrieved from OpenStreetMap, to calculate a series of spatial metrics that capture different aspects of the urban form of 919 Latin American and Caribbean cities. The paper classifies these cities into clusters according to these spatial metrics. It also studies the relationship between the urban form metrics and some factors that can correlate with urban form (topography, size, colony, and economic performance) and performs a spatio-temporal analysis of urban growth from 1996 to 2010. Among the results, the paper highlights the identification of five typologies of cities, the tendency of a group of cities to grow at a steeper slope, some worrying cases of urban growth over protected areas, and a trend toward increasing sprawl in some Latin American and Caribbean cities.
 
 
Read more: Spatio-Temporal Dynamics of Urban...

| Source: Scatec Solar ASA

Oslo, 11 January 2019: Scatec Solar ASA will release its fourth quarter results on Friday, 25 January 2019 at 07:00 (CET).

A presentation of the results will be held on the same day at 08:00. The location of the presentation is Høyres Hus (6th floor), Stortingsgata 20, Oslo. The presentation and Q&A session can be followed through a live webcast from our website on: http://webtv.hegnar.no/presentation.php?webcastId=97601935

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR
Tel: +47 950 38 364, This email address is being protected from spambots. You need JavaScript enabled to view it. 

About Scatec Solar
Scatec Solar is an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec Solar develops, builds, owns, operates and maintains solar power plants and has an installation track record of more than 1 GW. The company has a total of 1.6 GW in operation and under construction in Argentina, Brazil, the Czech Republic, Egypt, Honduras, Jordan, Malaysia, Mozambique, Rwanda, South Africa and Ukraine.

With an established global presence and a significant project pipeline, the company is targeting a capacity of 3.5 GW in operation and under construction by end of 2021. Scatec Solar is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SSO'. To learn more, visit www.scatecsolar.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Read more: Invitation to presentation of Scatec Solar ASA's...



Abstract

Electricity shortages are among the biggest barriers to South Asia’s development. Some 255 million people—more than a quarter of the world’s off-grid population—live in South Asia, and millions of households and firms that are connected experience frequent and long hours of blackouts. Inefficiencies originating in every link of the electricity supply chain contribute significantly to the power deficit. Three types of distortions lead to most of the inefficiencies: institutional distortions caused by state ownership and weak governance; regulatory distortions resulting from price regulation, subsidies, and cross-subsidies; and social distortions (externalities) causing excessive environmental and health damages from energy use. Using a common analytical framework and covering all stages of power supply, In the Dark identifies and estimates how policy-induced distortions have affected South Asian economies. The book introduces two innovations. First, it goes beyond fiscal costs, evaluating the impact of distortions from a welfare perspective by measuring the impact on consumer wellbeing, producer surplus, and environmental costs. And second, the book adopts a broader definition of the sector that covers the entire power supply chain, including upstream fuel supply and downstream access and reliability. The book finds that the full cost of distortions in the power sector is far greater than previously estimated based on fiscal cost alone: The estimated total economic cost is 4–7 percent of the gross domestic product in Bangladesh, India, and Pakistan. Some of the largest costs are upstream and downstream. Few other reforms could quickly yield the huge economic gains that power sector reform would produce. By expanding access to electricity and improving the quality of supply, power sector reform would also directly benefit poor households. The highest payoffs are likely to come from institutional reforms, expansion of reliable access, and the appropriate pricing of carbon and local air pollution emissions.
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Read more: In the Dark How Much Do Power...


Abstract

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the Belt and Road Initiative region. The analysis first uses geo-referenced data and geographical information system analysis to compute the bilateral time to trade before and after the Belt and Road Initiative. Then, it estimates the effect of improvement in bilateral time to trade on bilateral export values and trade patterns, using a gravity model and a comparative advantage model. Finally, the analysis combines the estimates from the regression analysis with the results of the geographical information system analysis to quantify the potential trade effects of the Belt and Road Initiative. The paper finds that (i) the Belt and Road Initiative increases trade flows among participating countries by up to 4.1 percent; (ii) these effects would be three times as large on average if trade reforms complemented the upgrading in transport infrastructure; and (iii) products that use time sensitive inputs and countries that are highly exposed to the new infrastructure and integrated in global value chains have larger trade gains.
 
 
Read more: Trade Effects of the New Silk Road...


Abstract

The World Bank has been supporting a comprehensive program to strengthen cooperative management and development within the Zambezi River Basin. This program provides regional financing and analytical work that brings together the various commitments within a World Bank-financed portfolio of more than USD 2  billion to facilitate dialogue among the riparian states and further drive the development of climate-resilient water resources for sustainable growth. The application of the Hydropower Sustainability Assessment Protocol in the Zambezi River Basin represents part of this broader program of support to the riparian states toward enhancing development outcomes through improved cooperation and sustainable development. The Hydropower Sustainability Assessment Protocol is a multi-stakeholder tool that evaluates the performance of hydropower projects against globally-applicable sustainability criteria for basic good practice and proven best practice. This Program Report reflects on the project design, objectives, results, and lessons learned from the experience of using the Protocol for guided self-assessment with three hydropower operators in the basin: the Zambezi River Authority, Zesco, and Hidroeléctrica Cahora Bassa.
 
 
Read more: Application of the Hydropower...

Abstract

Approximately one billion people globally lack government-recognized identification. As a consequence, they face barriers to accessing critical services and exercising their rights. Robust, inclusive, and responsible foundational identification (ID) systems2... See More + Approximately one billion people globally lack government-recognized identification. As a consequence, they face barriers to accessing critical services and exercising their rights. Robust, inclusive, and responsible foundational identification (ID) systems2 can be transformative for a country’s development and for the welfare of its poorest and most vulnerable populations by enabling financial inclusion, the empowerment of women and girls, access to basic services, social safety nets, and political participation. Moreover, at a systemic level, leapfrogging traditional paper-based approaches in favor of digital identification systems can generate significant benefits across the public and private sectors by increasing efficiency and accountability (chiefly through the reduction of fraud, leakages, and waste in public programs) as well as driving innovation in service delivery (through the use of mobile or digital payments, for instance). As governments across the globe are implementing new, digital foundational identification systems or modernizing existing ID programs, there is an urgent need to develop accurate estimations of the associated costs. There are a handful of existing analyses that have attempted to estimate the overall cost of foundational ID systems: for instance, Gelb and Diofasi Metz (2018) estimate that it is likely to cost a low income country roughly 0.6 percent of GDP to build a foundational ID system, or about $4–11 investment per registrant for enrolment and credential issuance. The same study cites figures for a few countries suggesting recurrent costs of around 0.06–0.1 percent of gross domestic product (GDP). As the authors point out however, few data points exist and these figures may not apply to different types of systems or to all countries.  See Less -

Read more: Understanding Cost Drivers of...



Abstract

This is the fourth in the series of ten good practice notes under the Energy Sector Reform Assessment Framework (ESRAF), an initiative of the Energy Sector Management Assistance Program (ESMAP) of the World Bank. ESRAF proposes a guide to analyzing energy subsidies, the impacts of subsidies and their reforms, and the political context for reform in developing countries. This good practice note provides those working on consumer price subsidy reforms, in particular social scientists, with hands-on, practical guidance for using certain qualitative research tools to help fully understand the distributional impacts of higher prices on households. It focuses primarily on the direct effects of energy price subsidies (that is, higher energy prices), which are especially pronounced in middle-income countries. The good practice note aims to illustrate how qualitative research tools—focus group discussions and in-depth interviews—can be utilized in the context of energy subsidy reforms. By using such tools, this note aims to guide researchers and policy advisers to better understand the energy use behavior of households, the impacts of higher energy prices on their lives, the ways households may adjust their energy use behavior in response, and the consequences of such coping strategies.
 
 
Read more: Incidence of Price Subsidies on...


Abstract

This paper takes a first look at the trade effects of China's Belt and Road Initiative, also referred to as the New Silk Road, on the 71 countries potentially involved. The initiative consists of several infrastructure investment projects to improve the land and maritime transportation in the Belt and Road Initiative region. The analysis first uses geo-referenced data and geographical information system analysis to compute the bilateral time to trade before and after the Belt and Road Initiative. Then, it estimates the effect of improvement in bilateral time to trade on bilateral export values and trade patterns, using a gravity model and a comparative advantage model. Finally, the analysis combines the estimates from the regression analysis with the results of the geographical information system analysis to quantify the potential trade effects of the Belt and Road Initiative. The paper finds that (i) the Belt and Road Initiative increases trade flows among participating countries by up to 4.1 percent; (ii) these effects would be three times as large on average if trade reforms complemented the upgrading in transport infrastructure; and (iii) products that use time sensitive inputs and countries that are highly exposed to the new infrastructure and integrated in global value chains have larger trade gains.
 
 
Read more: Trade Effects of the New Silk Road...

| Source: RGS Energy

DENVER, Jan. 07, 2019 (GLOBE NEWSWIRE) -- RGS Energy (NASDAQ: RGSE), the exclusive worldwide manufacturer of the POWERHOUSE™ solar shingle system, has partnered with Behalf, a top online business lender to offer POWERHOUSE™ Professionals affordable access to capital to help grow their solar business and streamline cashflow.

Behalf’s online leading technology can conveniently be used by roofing contractors certified as POWERHOUSE™ Professionals for quick and affordable capital to grow their business. POWERHOUSE™ Professionals who choose to pay with Behalf instead of using their own cash, check, or credit card are able to customize their payment schedule for each purchase. RGS is paid the next business day by Behalf. The Behalf payment method will radically improve cashflow for both RGS and POWERHOUSE™ Professionals.

“We founded Behalf in advocacy of small businesses and solving their working capital needs with innovative technology solutions as our central focus,” shared Behalf CEO and Co-Founder, Benjy Feinberg. “Partnering with RGS allows us to expand our product offering and serve more customers with financial tools that help them grow.”

“Local roofers will tell you cash flow is a very important aspect of their business,” said Dennis Lacey, RGS Energy’s CEO. “We believe Behalf is the perfect solution to help our local roofers expand their solar business. We are proud to partner with Behalf with the goal of making purchases easier for our certified POWERHOUSE™ Professionals. I’m excited by the opportunities ahead.”

How to Become a Certified POWERHOUSE™ Professional

RGS Energy is actively growing a nationwide network of local roofing contractors trained and certified to sell and install POWERHOUSE™ in-roof solar shingles.

To learn more visit www.rgsenergy.com/powerhouse or call 877-RGS-PWRH.

About Behalf

Behalf offers automated payment solutions, including financing and net terms, to merchants and their customer. Behalf integrates seamlessly into a merchant’s b2b sales and invoicing process or into an online checkout and provides access to financing regardless of invoice or transaction size. Behalf pays merchants on the next business day, increasing sales and improving cash flow for both merchants and their business customers.

Behalf has offices in Tel Aviv and New York City. Behalf has been recognized as a “Rising Star” among Deloitte’s Technology Fast 50 and was recently named in CB Insights’ “The Fintech 250: The Top Fintech Start-ups of 2018.” For more information on how Behalf is transforming the way businesses buy and sell, visit www.behalf.com.

About RGS Energy 

RGS Energy (NASDAQ: RGSE) is America’s Original Solar Company providing solar, storage and energy services whose mission is clean energy savings. The company is the exclusive manufacturer of POWERHOUSE™, an innovative in-roof solar shingle using technology developed by The Dow Chemical Company. RGS Energy also sells, designs and installs traditional retrofit solar systems for residential homeowners, commercial businesses, non-profit organizations and government entities. 

For more information, visit RGSEnergy.com, on Facebook at www.facebook.com/RGSEnergy and on Twitter at twitter.com/rgsenergy. Information on such websites and the websites referred to above in this press release is not incorporated by reference into this press release.

RGS Energy is the company’s registered trade name. RGS Energy files periodic and other reports with the SEC under its official name “Real Goods Solar, Inc.”

POWERHOUSE™ is a trademark of The Dow Chemical Company, used under license.

Forward-Looking Statements and Cautionary Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding the RGS Energy’s business and strategies.  Forward-looking statements are neither historical facts nor assurances of future performance.  Instead, they provide our current beliefs, expectations, assumptions, forecasts, and hypothetical constructs about future events, and include statements regarding our future results of operations and financial position, business strategy, plans and objectives of management for future operations.  The words “believe,” and “will” and similar expressions as they relate to us are intended to identify such forward-looking statements.

Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.  Therefore, RGS Energy cautions you against relying on any of these forward-looking statements.

Key risks and uncertainties that may cause a change in any forward-looking statement or that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include: the ability of RGS Energy to successfully expand its nationwide network of certified POWERHOUSE™ Professionals; RGS Energy’s ability to obtain future purchase orders for POWERHOUSE™ deliveries and the anticipated cashflow benefits from POWERHOUSE™ Professionals using Behalf for purchases; and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission.

You should read the section entitled “Risk Factors” in our 2017 Annual Report on Form 10-K and in our Quarterly Reports on Form 10-Q for the quarters ended March 30, 2018, June 30, 2018 and September 30, 2018, each of which has been filed with the Securities and Exchange Commission, which identify certain of these and additional risks and uncertainties.  Any forward-looking statements made by us in this presentation speak only as of the date of this presentation. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

POWERHOUSE™ is a trademark of The Dow Chemical Company, used under license.

RGS Energy is the Company’s registered trade name. The Company files periodic and other reports with the Securities and Exchange Commission under its official name “Real Goods Solar, Inc.”

Investor Relations Contact

Ron Both
Managing Partner, CMA
Tel 1-949-432-7566
This email address is being protected from spambots. You need JavaScript enabled to view it.

Read more: Top Online Business Lender, Behalf, to Offer...
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