Moral Hazard of Renewable Energy Economic Incentives: A Private Sector Perspective

Investors need certainty. Yet, government incentives are public policy-based goods. Public policy is not law and can change at any moment. Change in government, change in strategy, change in budget all influence public policy. Acknowledging possible public policy change upfront is a necessary part of an investor’s risk assessment. Assuming no change in policy creates the moral hazard of banking on the non-bankable.

Bansari Saha

Dr. Bansari Saha, a Senior Director at ICF, is an economist by training and supports public and private sector clients understand the economic effects of public policy decision-making. His expertise lies in the intersection of energy and environmental issues and studying the economic and distributional impacts of policies that attempt to find an optimal balance between the two. Dr. Saha has worked extensively on international economic development issues, particularly for developing countries in South and Southeast Asia.

Letter of Credit Relay

In this presentation, Mr. Packham and Mr. O'Brien gave an overview and the workflow for a Letter of Credit (LC) relay, and shares the challenges holding back Pacific countries. They also shared the benefits of LC relay, and potential solutions to overcome the challenges which were earlier presented.

Digital KYC Solutions: Everest

In this presentation, Mr. Reid gave an overview and architecture of Everest's digital Know Your Customer platform, and how they process the on-boarding and verification of users/entities. He also shared an example from the Central Bank of Samoa to illustrate the money transfer chain of custody, remittance ID verification and transaction tracking and reporting.​