Development Finance for Universal Energy Access
38 Pages Posted: 27 Mar 2012 Last revised: 16 Jan 2013
Date Written: February 1, 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 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.
Keywords: aid, energy policy, energy access, development finance
JEL Classification: F35, Q40, O20
Suggested Citation: Suggested Citation
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