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With the continuing push for bioenergy investment, many countries are faced with investment proposals before they have had a chance to devise a national strategy. In order to make an informed and responsible decision on whether to give the go-ahead to a particular investment project, including knowing what types of conditions to include in the eventual licence agreement, and how to structure and implement a publicly funded bioenergy investment project, many of the same questions need to be considered that are also relevant to setting national strategic priorities for bioenergy (e.g. issues relating to ‘what’, ‘where’ and ‘how’). However in this case, the questions need to be considered in the context of a concrete and specific project proposal. 1

The decision tree in Figure 2 aims to provide step-by-step guidance on how to confront the questions of ‘what’, ‘where’ and ‘how’. Every country has legal and regulatory requirements for project appraisal and licensing, and the dedicated authorities with relevant decision-making powers. The process proposed here is intended to complement those processes, not to replace them. This process should follow the following steps:

1. Defne the project proposal:

The process must start with a clear definition of the proposal

2. Screening for high risk areas:

The proposal should be screened to make sure it does not involve unsustainable bioenergy develop-ment on high risk areas without appropriate mitigation measures being available 3. Stakeholder identifcation:

Key stakeholder groups should be identified and engaged with

4. Assessing potential project impacts:

After the initial screening, a more detailed assessment of risks and opportunities should be carried out 5. Assessing risk mitigation options:

Appropriate risk mitigation options should be identified 6. Financial viability:

Financial viability of the project is addressed, taking into consideration additional costs related to mitigation 7. Final stakeholder review:

Make sure that stakeholder concerns have been addressed

Assessing Specific Development and Investment Proposals

Making investments fit with the vision - the assessment of investments should be undertaken in line with priorities and conditionalities identified in the national policy or strategy.

1. The DST provides a set of questions related to each of the key issues. They can be found in the full document.

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