Keynote Speech

An Integrated Approach for the Evaluation of Investments in Clean Energy

Professor Dr. Glenn P. Jenkins

Professor of Economics
Eastern Mediterranean University, N. CYPRUS
Institute Fellow Emeritus, Harvard University, USA

Abstract: The objective of this paper is to outline an integrated approach for the evaluation of clean energy projects. This approach examines the financial economic, stakeholder and risk aspects of such projects using a single integrated analytical model of investments. The analysis is based on a close interaction between the technological, financial and economic analyses that allows one to examine the project’s social or stakeholder impacts in a manner so that many of the effects can be expressed in monetary terms. The paper will consider how the government’s economic policies and financial incentives can either encourage efficient investments in the clean energy sector or lead to a waste of a country’s scarce resources. Results of integrated appraisals will be presented of electricity generation capacity investments in wind turbines, and of alternative technology choices for thermal electricity generation plants. These studies show that the inappropriate design of financial incentives for investment can lead to an enormous waste of the capital and fuel resources of countries.

Brief Biography of the Speaker: Glenn P. Jenkins, is a Professor of Economics, Queens University, Canada, an Institute Fellow Emeritus, Harvard University, and President of Cambridge Resources International. Dr. Jenkins specializes in the fields of public finance, investment appraisal, and economic development. He has worked extensively on the appraisal and planning of major infrastructure investments around the world. He has published a number of books, studies, articles, research reports, and conference papers on these subject fields. Dr. Jenkins is the former Assistant Deputy Minister of Tax Policy and Legislation in the Department of Finance for the Government of Canada. He has served as a research or economic consultant on investment appraisal and risk analysis for industrial, agricultural and energy sectors for many governments and private agencies. He worked for the governments of the United States, Argentina, Chile, Canada, Bolivia, Malaysia, Nepal, Indonesia, and Sri Lanka, as well as for organizations such as the World Bank, the African Development Bank, the Asian Development Bank, the Caribbean Development Bank, the Development Finance Resource Center of the Southern African Development Center, the Ford Foundation, and the North-South Institute. His educational background includes a B. Comm. in Economics from Carleton University in Canada, a M.A. in Economics from the University of Western Ontario, and both a M.A. and a Ph.D. in Economics from the University of Chicago. He is reviewing academic articles for a number of journals, such as, World Development, Applied Economics, Tourism Economics, Canadian Journal of Economics, Canadian Public Policy, and International Review of Economics and Finance.