Abstract
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.
Highlights
IntroductionRenewable energy sources (RES) continuously play a more significant role in current economies in the European Union (EU) countries as well as in the world
The first part presents the future scenarios developed for the renewable energy market in Poland including the perspective of the banking sector
The second part of our findings provides an assessment of investment risk in renewable energy by banks in Poland
Summary
Renewable energy sources (RES) continuously play a more significant role in current economies in the EU countries as well as in the world. For that reason, returning to renewable energy sources to help mitigate climate change is an important approach that needs to be sustainable to meet energy demand for future generations in the world [1]. The biggest share of renewable energy production seems to be the domain of highly developed countries due to their extended sources of funds for capital intense investments, which usually have long payback periods. The advantages of using RES are indisputable, the researchers sometimes point to limitations and barriers e.g., of the household sector, concerning the implementation of renewable energy sources for certain countries or regions [3]. Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
