Transcript Responsible investing – muligheter og utfordringer for

FINANCE OPTIONS –
INVESTMENTS IN GREEN SOLUTIONS FOR
TRANSPORTATION
NHO, November 24, 2014
Idar Kreutzer, CEO, Finance Norway
Growth: The world population
is increasingly urban
Global population by type of area and by region – 1950-2050
10,000
9,000
Population in millions
8,000
7,000
6,000
Urban - Less developed
5,000
Rural - Less developed
Urban - More developed
4,000
Rural - More developed
3,000
2,000
1,000
0
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
Source: UN Population Division, World Population Prospects: The 2008 Revision, 2008
2
Integrated transportation systems
Kilde: European Telecommunications Standards Institute (www.wtsi.org)
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Integrated transportation systems
Transportation
systems
Transportation
objects
- Roads
- Railroads
- Ports
-Trains
- Natural gas vehicles
- Electric ferries
Energy
-Distribution
-Production
Kilde: European Telecommunications Standards Institute (www.wtsi.org)
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Funding Sources and
Requirements
Rating/Credit quality
Liquidity
EQUITY
BANK
LENDING
BONDS
Duration
Stable cash flow
Exclude non financial risk
Acess to colateral/real asset
Pension assets as a possible
source of financing
Insurance companies are Europe’s largest institutional investors
”Between public and private sources,
there is already sufficient capital
available to finance a low-carbon
transition.
At present, however, the ambiguity,
inconsistency and lack of predictability
in policy settings creates high
government-induced uncertainty,
especially for long-lived assets,
increasing risk and raising the cost of
capital.”
Source:
Oliver Wyman ”Funding the future” 2012
Source:
”Better Growth, Better Climate – The New Climate Economy Report”, 2014