The Energy Efficiency for Clean Development Program (EECDP) was a cooperative agreement formed in March 2011 between ICF and USAID. It provided tools and replicable strategies for energy efficiency in emerging markets, supported by the department's Leader Awards and Associate Awards.
The new Electrification Financing Initiative (ElectriFI) aims to accelerate access to (rural) energy in developing countries by boosting private sector to yield business opportunities. Past efforts supporting rural electrification were predominantly grant-based and therefore not generating a leverage that would allow reaching the ambitious policy objectives, whilst the sustainability of projects was not optimal.
Tunisia meets around 97 per cent of its electricity needs from gas and oil. In 2015 the state paid energy subsidies of more than 150 billion euros, resulting in a considerable burden on the budget. At the same time, given the steadily falling prices of photovoltaic (PV) systems, there is now an environmentally friendly and economical alternative for generating electricity.
The Private Financing Advisory Network is a global network of climate and clean energy financing experts, which offers free business coaching and investment facilitation to entrepreneurs developing climate and clean energy projects in emerging markets.
Climate Investor One (CIO) is a blended finance facility. The first component of this programme is a development fund, which provides loans in the early stage of a project life cycle. The second component, a construction equity fund, will meet up to 75 percent of total construction costs in tandem with the project sponsor. Compared with conventional project financing, CIO removes the need for complex multi-party financing structures, with the potential to thereby reduce the time and cost associated with delivering renewable energy projects.
The Clean Energy for Development aims to increase access to renewable energy in developing countries. The initiative has provided lasting results for millions of people since it was started in 2007.
Both the Sustainable Development Goals and climate agreement in Paris states that the global community must continue to supporting sustainable energy development.
Renewable energy enables economic growth and protects the environment. Sustainable, affordable and reliable energy supplies are also prerequisites for abolishing extreme poverty.
The Carbon Initiative for Development (Ci-Dev) is a World Bank trust fund that mobilizes private finance for clean energy access in low-income countries. It delivers results-based finance to innovative and transformative business models driven by the private sector. Through 2025, Ci-Dev will have mobilized more than $250 million in private finance to provide low-carbon energy to more than 10 million people in the communities most vulnerable to climate change.
Power generation capacity in Kenya was 1,593 MW, in which 48% of the power was generated using hydropower as of June 2011. However, while the peak power demand in March 2011 was 1,294 MW and in January 2012 was 1,211.9 MW, the actual power supply was 1,194 MW, owing to a shortage of water. According to the “Least Cost Power Development Plan (LCPDP),” which is an electricity development plan of the Republic of Kenya, the peak power demand in Kenya is estimated to increase up to 12,738–22,985 MW in 2030.
The objectives of the Electricity Sector Support Project for Burkina Faso are to contribute to: (a) increasing access to electricity; (b) improving the reliability of electricity supply; and (c) improving efficient use of energy in targeted areas.
In 2015, the United Nations member states defined the seventh Sustainable Development Goal as: “Ensure access to affordable, reliable, sustainable and modern energy for all”. Subsequently, the Government of Mozambique, the British Government and various international partners signed the Energy Africa Mozambique Compact.