Energy Finance Follows Mitigation Opportunities, But More Focus on Energy Access is Needed

View Only

Energy Finance Follows Mitigation Opportunities, But More Focus on Energy Access is Needed

By District Energy posted 11-13-2018 00:00

Recommend

Beate Antonich, IISD

Summary

A UNDP and WRI report, titled ‘Long-Term Low Greenhouse Gas Emission Development Strategies,’ highlights the energy sector as important entry point to address energy-related emissions of G20 countries.
EIB backs over €6 billion of clean energy, energy efficiency, sustainable transport, urban development, water, and private sector investments across Europe and Africa.
A progress report on finance from Multilateral Development Banks finds insufficient focus on energy access for the poor.

October 2018: During the month of October, we saw reports on long-term development and mitigation strategies, and more finance was made available for several energy and other investment projects, including from the European Investment Bank. A report by Oil Change International identified the need for Multilateral Development Banks’ to increase finance for energy access, in particular for off-grid and mini-grid clean energy projects. UNDP and the World Resources Institute (WRI) issued a paper on long-term low greenhouse gas (GHG) emission development strategies to provide input for the 2018 G20 Summit in Buenos Aires, Argentina at the end of November, which will be immediately followed by the UNFCCC COP 24 in Katowice, Poland.