Development Finance for Universal Energy Access

38 Pages Posted: 28 Mar 2012

See all articles by Giorgio Gualberti

Giorgio Gualberti

Instituto Superior Técnico

Morgan Bazilian

National Renewable Energy Laboratory

Erik Haites

Margaree Consultants Inc.

Maria da Graça Carvalho

Instituto Superior Técnico

Date Written: March 23, 2012

Abstract

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 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 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.

Keywords: development finance, energy policy, energy access

JEL Classification: F35, Q40, O20

Suggested Citation

Gualberti, Giorgio and Bazilian, Morgan and Haites, Erik and Carvalho, Maria da Graça, Development Finance for Universal Energy Access (March 23, 2012). FEEM Working Paper No. 12.2012, Available at SSRN: https://ssrn.com/abstract=2027871 or http://dx.doi.org/10.2139/ssrn.2027871

Giorgio Gualberti (Contact Author)

Instituto Superior Técnico ( email )

Av. Rovisco Pais
Lisboa, 1049-001
Portugal

Morgan Bazilian

National Renewable Energy Laboratory ( email )

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

Erik Haites

Margaree Consultants Inc. ( email )

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

Maria da Graça Carvalho

Instituto Superior Técnico ( email )

Av. Rovisco Pais
Lisboa, 1049-001
Portugal

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