Informing the Financing of Universal Energy Access: An Assessment of Current Flows

29 Pages Posted: 27 Jun 2011 Last revised: 31 Oct 2014

See all articles by Morgan Bazilian

Morgan Bazilian

National Renewable Energy Laboratory

Patrick Nussbaumer

United Nations - United Nations Disengagement Observer Force (UNDOF)

Giorgio Gualberti

Technical University of Lisbon (UTL)

Erik Haites

Margaree Consultants Inc.

Michael Levi

Council on Foreign Relations (CFR)

Judy Siegel

Energy and Security Group

Daniel M. Kammen

World Bank

Joergen Fenhann

UNEP Risoe Centre, Technical University of Denmark

Date Written: June 27, 2011

Abstract

Energy poverty is widely recognized as a major obstacle to economic and social development and poverty alleviation. To help inform the design of appropriate and effective policies to reduce energy poverty, we present a brief analysis of the current macro financial flows in the electricity and gas distribution sectors in developing countries. We build on the methodology used to quantify the flows of investment in the climate change area. This methodology relies on national gross fixed capital formation, overseas development assistance, and foreign direct investment. These high-level and aggregated investment figures provide a sense of scale to policy-makers, but are only a small part of the information required to design financial vehicles. In addition, these figures tend to mask numerous variations between sectors and countries, as well as trends and other temporal fluctuations. Nonetheless, for the poorest countries, one can conclude that the current flows are considerably short (at least five times) of what will be required to provide a basic level of access to clean, modern energy services to the “energy poor”.

Keywords: energy access, energy finance, financial flows

JEL Classification: Q4

Suggested Citation

Bazilian, Morgan and Nussbaumer, Patrick and Gualberti, Giorgio and Haites, Erik and Levi, Michael and Siegel, Judy and Kammen, Daniel M. and Fenhann, Joergen, Informing the Financing of Universal Energy Access: An Assessment of Current Flows (June 27, 2011). FEEM Working Paper No. 56.2011. Available at SSRN: https://ssrn.com/abstract=1873204 or http://dx.doi.org/10.2139/ssrn.1873204

Morgan Bazilian (Contact Author)

National Renewable Energy Laboratory ( email )

1617 Cole Blvd.
Golden, CO 80401-3393
United States

Patrick Nussbaumer

United Nations - United Nations Disengagement Observer Force (UNDOF) ( email )

Camp Faouar
Golan
Syria

Giorgio Gualberti

Technical University of Lisbon (UTL) ( email )

IST - Avenida Rovisco Pais
Lisbon, 1200
Portugal

Erik Haites

Margaree Consultants Inc. ( email )

71 Front Street East, Suite 615
Toronto, Ontario M5E 1T9
Canada
+14163690900 (Phone)

Michael Levi

Council on Foreign Relations (CFR) ( email )

The Harold Pratt House
58 East 68th Street
New York, NY 10021
United States

Judy Siegel

Energy and Security Group ( email )

1850 Centennial Park Drive
Reston Virginia, 20191
United States

Daniel M. Kammen

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Joergen Fenhann

UNEP Risoe Centre, Technical University of Denmark ( email )

Anker Engelunds Vej 1
Building 101A
Lyngby, 2800
Denmark

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