<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2683-1465</journal-id>
<journal-title><![CDATA[Ciencias administrativas teoría y praxis]]></journal-title>
<abbrev-journal-title><![CDATA[Cienc. adm. teor. prax.]]></abbrev-journal-title>
<issn>2683-1465</issn>
<publisher>
<publisher-name><![CDATA[Academia de Ciencias Administrativas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2683-14652022000200012</article-id>
<article-id pub-id-type="doi">10.46443/catyp.v18i2.309</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[A Crowdfunding Agency Model for Renewables in an Emerging Economy]]></article-title>
<article-title xml:lang="es"><![CDATA[Un modelo basado en agencia para financiamiento crowdfunding de energías renovables en una economía emergente]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Castro-Cárdenas]]></surname>
<given-names><![CDATA[Cecilia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ibarra-Yunez]]></surname>
<given-names><![CDATA[Alejandro]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Tecnológico y de Estudios Superiores de Monterrey EGADE Business School ]]></institution>
<addr-line><![CDATA[ NL]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Tecnológico y de Estudios Superiores de Monterrey EGADE Business School ]]></institution>
<addr-line><![CDATA[ NL]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<volume>18</volume>
<numero>2</numero>
<fpage>12</fpage>
<lpage>28</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2683-14652022000200012&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2683-14652022000200012&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2683-14652022000200012&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Mobilizing finance for investment in renewable energy is a challenge for climate change mitigation via fostering the layout of new projects. The challenge becomes critical in emerging or developing economies, mainly because the architecture of financial intermediaries as well as their instruments are shallow and insufficiently developed. The present investigation reviews alternative vehicles of finance applied specifically to renewable energies, that are intermittent, so-called non-dispatchable, and innovation- plus capital-intensive, as compared to conventional sources. The high degree of investment irreversibility and with relatively high uncertainty in the regulatory and wholesale market, calls to carefully design origins of finance at the government, private, and mixed levels. An agency-based theoretical framework is proposed within our ongoing research effort that includes green banks, state banks, bonds, and mainly, crowdfunding, that could be applied to Mexico.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La movilización de financiamiento para la inversión en energías renovables es un desafío para la mitigación del cambio climático a través del desarrollo de nuevos proyectos. El desafío se vuelve crítico en las economías emergentes o en desarrollo, principalmente por la arquitectura de los intermediarios financieros, así como sus instrumentos, los cuáles son superficiales e insuficientemente desarrollados. La presente investigación analiza vehículos alternativos de financiamiento aplicados específicamente a energías renovables, que son intermitentes, llamadas no despachables, e intensivas en innovación y capital, en comparación con las fuentes convencionales. El alto grado de irreversibilidad de las inversiones y con una incertidumbre relativamente alta en el mercado regulado y mayorista, llama a diseñar cuidadosamente los orígenes del financiamiento a nivel gubernamental, privado y mixto. Dentro de nuestro esfuerzo de investigación en curso, se propone un marco teórico basado en la teoría de agencia que incluye bancos verdes, bancos estatales, bonos y, principalmente, crowdfunding, que podría aplicarse a México.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Investment &amp; Capacity]]></kwd>
<kwd lng="en"><![CDATA[Renewable Energy]]></kwd>
<kwd lng="en"><![CDATA[Crowdfunding]]></kwd>
<kwd lng="es"><![CDATA[Inversión y capacidad]]></kwd>
<kwd lng="es"><![CDATA[Energías renovables]]></kwd>
<kwd lng="es"><![CDATA[Crowdfunding]]></kwd>
</kwd-group>
</article-meta>
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