Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
8122404 | Renewable and Sustainable Energy Reviews | 2013 | 11 Pages |
Abstract
This paper provides a review of funding needs and financing mechanisms for energy access in general and off-grid electrification in particular to find whether the funding for these activities has been adequate, whether sufficient funding is likely to be available to meet the needs of universal energy access, whether innovative approaches can be used in funding. It finds that in all successful cases the state has played an important role in funding infrastructure investments but many developing countries have neglected the energy access issue for a long time. International donor agencies have provided selective and limited support, while the innovative mechanisms are also unfriendly towards small-scale projects. Weak governance, limited organisational capacity and unfavourable policy environment militate against large-scale mobilisation of financial resources in the poorest countries of the world where energy access is a chronic problem. The challenge of mobilising finance and ensuring its appropriate delivery and use remains a major issue and would require a co-ordinated effort of all relevant stakeholders.
Keywords
LPGAfrican Development BankLDCODFESCOOrganisation of Economic Cooperation and DevelopmentAAUGEFCIFOECDSMEAGFSHSETsPOAIEACDMInternational energy agencyODAOff-grid electrificationADBAsian Development BankFinancingUnited NationsSmall and medium enterprisesCerforeign direct investmentFDIEmissions Trading SystemSolar home systemsEnergy Service CompanyGlobal Environment FacilityBarriersClean Development MechanismNIEPhoto voltaicLeast developed countriesliquefied petroleum gasOptions
Related Topics
Physical Sciences and Engineering
Energy
Renewable Energy, Sustainability and the Environment
Authors
Subhes C. Bhattacharyya,