Development Finance for Universal Energy Access

38 Pages Posted: 27 Mar 2012 Last revised: 16 Jan 2013

See all articles by Giorgio Gualberti

Giorgio Gualberti

Technical University of Lisbon (UTL)

Morgan Bazilian

National Renewable Energy Laboratory

Erik Haites

Margaree Consultants Inc.

Maria da Graça Carvalho

Instituto Superior Técnico (IST)

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

Gualberti, Giorgio and Bazilian, Morgan and Haites, Erik and da Graça Carvalho, Maria, Development Finance for Universal Energy Access (February 1, 2012). FEEM Working Paper No. 12/2012, Available at SSRN: https://ssrn.com/abstract=2029021 or http://dx.doi.org/10.2139/ssrn.2029021

Giorgio Gualberti (Contact Author)

Technical University of Lisbon (UTL) ( email )

IST - Avenida Rovisco Pais
Lisbon, 1200
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 (IST) ( email )

Av. Rovisco Pais
Lisboa, 1049-001
Portugal

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
85
Abstract Views
634
Rank
535,685
PlumX Metrics