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Development Finance for Universal Energy Access

Author

Listed:
  • Giorgio Gualberti

    (Instituto Superior Técnico, Lisbon, Portugal)

  • Morgan Bazilian

    (United Nations Industrial Development Organization, Vienna, Austria)

  • Erik Haites

    (Margaree Consultants,Toronto, Canada)

  • Maria da Graça Carvalho

    (Instituto Superior Técnico, Lisbon, Portugal)

Abstract

The United Nations General Assembly declared 2012 the “International Year of Sustainable Energy for All”, officially recognising the urgent need to put energy at the centre of the global development agenda. In parallel, a strong international policy effort is being made to achieve the goal of universal energy access to modern energy services by 2030. To support these efforts, a dramatic scaling-up of financing to the energy sector will be required through official development aid, other official flows, climate financing and various private flows. In this paper we analyse the recent evolution of development policies and finance for the energy sector using both descriptive and analytical tools. We find that, although development finance for the energy sector rose considerably during the past decade, the financial flows have not been directed towards the countries with the lowest levels of energy access.

Suggested Citation

  • Giorgio Gualberti & Morgan Bazilian & Erik Haites & Maria da Graça Carvalho, 2012. "Development Finance for Universal Energy Access," Working Papers 2012.12, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2012.12
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Glemarec, Yannick, 2012. "Financing off-grid sustainable energy access for the poor," Energy Policy, Elsevier, vol. 47(S1), pages 87-93.
    2. Gualberti, Giorgio & Singer, Christine Eibs & Bazilian, Morgan, 2013. "The capacity to spend development funds in the energy sector," Utilities Policy, Elsevier, vol. 26(C), pages 36-44.
    3. Benjamin T. Wood & Susannah M. Sallu & Jouni Paavola, 2016. "Can CDM finance energy access in Least Developed Countries? Evidence from Tanzania," Climate Policy, Taylor & Francis Journals, vol. 16(4), pages 456-473, May.
    4. Bhattacharyya, Subhes C., 2013. "Financing energy access and off-grid electrification: A review of status, options and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 462-472.
    5. Temilade Sesan, 2014. "Global imperatives, local contingencies: An analysis of divergent priorities and dominant perspectives in stove development from the 1970s to date," Progress in Development Studies, , vol. 14(1), pages 3-20, January.

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    More about this item

    Keywords

    Development Finance; Energy Policy; Energy Access;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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