Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland

The paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main methods used in the paper are the thorough analysis of the...

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Main Authors: Karolina Daszyńska-Żygadło, Krzysztof Jajuga, Justyna Zabawa
Format: Article
Language:English
Published: MDPI AG 2021-10-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/14/19/6422
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author Karolina Daszyńska-Żygadło
Krzysztof Jajuga
Justyna Zabawa
author_facet Karolina Daszyńska-Żygadło
Krzysztof Jajuga
Justyna Zabawa
author_sort Karolina Daszyńska-Żygadło
collection DOAJ
description The paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main methods used in the paper are the thorough analysis of the solutions used to finance RES in different countries and multivariate analysis of options presented on the ordinal scale. The first finding is the answer to the question of which financial instruments used by banks are the most effective in the financing of RES. It is based on the prepared ranking of different instruments used by banks in the process of renewable energy financing, by assessing the structure and value of required financing for renewable energy based on future scenarios. The second finding in the paper is the set of recommendations for the banking sector and policymakers as to financing renewable energy sources in Poland. The main conclusion is that renewable energy financing through the instruments available in the banking sector is efficient and is characterized by relatively low risk.
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spelling doaj.art-30f28c3e6a564a948daf585c658954b82023-11-22T16:04:07ZengMDPI AGEnergies1996-10732021-10-011419642210.3390/en14196422Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for PolandKarolina Daszyńska-Żygadło0Krzysztof Jajuga1Justyna Zabawa2Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, PolandFaculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, PolandFaculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, PolandThe paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main methods used in the paper are the thorough analysis of the solutions used to finance RES in different countries and multivariate analysis of options presented on the ordinal scale. The first finding is the answer to the question of which financial instruments used by banks are the most effective in the financing of RES. It is based on the prepared ranking of different instruments used by banks in the process of renewable energy financing, by assessing the structure and value of required financing for renewable energy based on future scenarios. The second finding in the paper is the set of recommendations for the banking sector and policymakers as to financing renewable energy sources in Poland. The main conclusion is that renewable energy financing through the instruments available in the banking sector is efficient and is characterized by relatively low risk.https://www.mdpi.com/1996-1073/14/19/6422renewable energybanking sectorstakeholders analysisfinancing instrumentsrisk analysis
spellingShingle Karolina Daszyńska-Żygadło
Krzysztof Jajuga
Justyna Zabawa
Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
Energies
renewable energy
banking sector
stakeholders analysis
financing instruments
risk analysis
title Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
title_full Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
title_fullStr Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
title_full_unstemmed Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
title_short Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
title_sort bank as a stakeholder in the financing of renewable energy sources recommendations and policy implications for poland
topic renewable energy
banking sector
stakeholders analysis
financing instruments
risk analysis
url https://www.mdpi.com/1996-1073/14/19/6422
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AT krzysztofjajuga bankasastakeholderinthefinancingofrenewableenergysourcesrecommendationsandpolicyimplicationsforpoland
AT justynazabawa bankasastakeholderinthefinancingofrenewableenergysourcesrecommendationsandpolicyimplicationsforpoland