The programme aims to increase investment in geothermal energy in East Africa, contributing to economic development and growth, by addressing market failures which hinder the very early stages of geothermal market development, including: • reducing the risk of exploratory test drilling, leading to increased investor confidence in under exploited East Africa geothermal energy; and, • improving geothermal strategy, policy and regulations that facilitate investment.

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.

By 2050, the urban population in Africa is expected to grow from 400 million to 1.26 billion people. African cities need to respond to these challenges in order to provide a sustainable future for their citizens and keep greenhouse gas emissions low. Therefore, ensuring access to affordable, reliable, sustainable and modern energy and adapting to the effects of climate change are among the most pressing issues for the African population.

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.

To help rural communities in Ghana and Zambia gain access to electricity, Denmark funded two projects on renewable energy technology transfer (RETT) with Ghana and Zambia, with a strong focus on enabling coherent South-South cooperation between China and African countries to promote the UN’s Sustainable Energy for All (SE4ALL) initiative. The projects aim to adapt Chinese experience and technical skills to promote the production of renewable energy technologies in Africa. 

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.

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.

Description

Access to sustainable energy is a key enabler for economic growth, health, education, and helps provide opportunities to all generations and populations. Sustainable energy lies at the heart of both the UN 2030 Agenda for Sustainable Development and the UN Paris Agreement on Climate Change, as well as other policy programmes and initiatives. The 2030 Agenda’s Sustainable Development Goal 7 (SDG7) sets out to ensure “access to affordable, reliable, sustainable and modern energy for all”.

The programme will catalyse a market based approach for private sector delivery of solar home system (SHS) products and services. This will lead to improved energy access for people in sub-Saharan Africa currently who are currently without modern energy. The programme will work in 14 priorty countries: Mozambique, Malawi, Zambia, Zimbabwe, Tanzania, Rwanda, Uganda, Kenya, Ethiopia, Somalia, Nigeria, Ghana, Sierra Leonne and Senegal.