I learned today from German Member of Parliament Hans-Josef Fells newsletter (to subscribe, go to his website and fill out the form in the left column at the bottom) that there is a Deutsche Bank sponsored initiative called “GET FiT”.
This is rather interesting. I have spent some time researching about “GET FiT”.
First off, “FiT” is “feed-in tariff”. No surprise here.
Then, “GET” is for “Global Energy Transfer”, which was chosen because there is no global energy transfer involved. Actually, I think it was chosen just because it sounds good in combination with “FiT”.
Here are a couple of web resources.
Start out from this page at Deutsche Bank. It gives a very short overview on the basic idea, which is to have developed countries help strengthen feed-in tariff systems in developing countries.
Then look at this interview with Silvia Kreibiehl, who is the leading author of the related studies at Deutsche Bank. There she explains the concept in some detail.
Next in line would be a short news item published on December 28 last year by Deutsche Bank, which reports that the United Kingdom has decided to fund a GET FiT pilot project in Uganda. More on that decision can be found in this publication from the United Kingdom government.
For a more in-depth understanding one would need to look at two reports on the concepts authored mainly by Silvia Kreibiehl. The first one was published in 2010 under the title “GET FiT Program – Global Energy Transfer Feed-in Tariffs for Developing Countries“. And a follow-up in 2011 was published under the title “GET FiT Plus – De-Risking Clean Energy Business Models in a Developing Countries Context“.
I have not yet read those reports in detail, so I won’t comment much right now. Rather I would just like to ask a couple of questions as a starting point for further discussion later on.
For one, what exactly is the connection to Desertec? Deutsche Bank is also a member of the Desertec industrial initiative, but I could not find any references to Desertec in the GET FiT papers. Why not? Is there anything about desert projects that would make a difference for this kind of research?
Second, what is the potential to integrate this kind of project into international agreements? I recall that Japan just signed a “Low Carbon Development Partnership” with Mongolia two days ago. Could that Agreement be amended to include a “GET FiT” project? If so, what would be necessary to actually do it?
Third, I note from the brief time I had to look at these research reports that these questions are very complex. There are a multitude of funding options, much of them new and developing. And there are many proposals out there that are similar to the “GET FiT” idea. That means there is a need for guidance, as provided for example by the Climate Finance Options site. Where is the information clearinghouse site for all questions of international feed-in tariff programs?