Pace University DigitalCommons@Pace Pace Law Faculty Publications School of Law 7-2014 Innovative Financing for Renewable Energy Richard L. Ottinger Elisabeth Haub School of Law at Pace University John Bowie Elisabeth Haub School of Law at Pace University Follow this and additional works at: https://digitalcommons.pace.edu/lawfaculty Part of the Energy and Utilities Law Commons, and the Environmental Law Commons Recommended Citation Ottinger, Richard L. and Bowie, John, "Innovative Financing for Renewable Energy" (2014). Pace Law Faculty Publications. 976. https://digitalcommons.pace.edu/lawfaculty/976 This Conference Proceeding is brought to you for free and open access by the School of Law at DigitalCommons@Pace. It has been accepted for inclusion in Pace Law Faculty Publications by an authorized administrator of DigitalCommons@Pace. For more information, please contact
[email protected]. IUCN ACADEMY OF ENVIRONMENTAL LAW COLLOQUIUM Tarragona, Spain June 30 – July 5 2014 Innovative Financing for Renewable Energy Richard L. Ottinger and John Bowie I. Abstract Carbon pollution from fossil-fuel combustion is the largest contributor to climate change worldwide.1 Renewable energy can materially help to reduce greenhouse gas (GHG) emissions and their principal cause, worldwide dependence on carbon fuels.2 If our goal is to remain at or below 1990 numbers, then fossil fuels must be phased out of the global energy portfolio.3 While other factors such as energy inefficiencies in buildings, appliances and transportation, for example; deforestation, farm animal excretion, pipeline leakage, HFCs for refrigeration, black soot and changes in land use also contribute to increased emissions, finding new, innovative ways to empower people to seize the opportunities presented by clean, renewable electricity present an invaluable path to reduce carbon emissions.