Development Finance for Universal Energy Access
Technical University of Lisbon (UTL)
National Renewable Energy Laboratory
Margaree Consultants Inc.; Margaree Consultants Inc.
Maria Da Graça Carvalho
Instituto Superior Técnico (IST)
February 1, 2012
FEEM Working Paper No. 12/2012
The United Nations General Assembly declared 2012 the “International Year of Sustainable Energy for All”, officially recognizing the urgent need to put energy at the center 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 analyze 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.
Number of Pages in PDF File: 38
Keywords: aid, energy policy, energy access, development finance
JEL Classification: F35, Q40, O20working papers series
Date posted: March 27, 2012 ; Last revised: January 16, 2013
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