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Addressing the renewable energy financing gap in Africa to promote universal energy access: Integrated renewable energy financing in Malawi

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  • Chirambo, Dumisani

Abstract

The Sustainable Energy for All Initiative is a global initiative launched by the United Nations Secretary-General in 2012 with a goal of providing universal access to modern energy services by 2030. To achieve this goal, substantial financial and technological investments will be required at a rate far exceeding historical levels. Sub-Saharan Africa has a 30.5% electrification rate and policy reform issues to improve electrification have been poorly implemented thereby sprinkling doubt as to whether the region would be able to achieve 100% access to electricity for all by the year 2030. Sub-Saharan Africa faces a tough challenge in-order to achieve universal access to modern energy services since the region fails to attract energy sector investments. There is also a general perception that the region contributes very little to global greenhouse gas emissions hence offers few opportunities to reduce these emissions consequently missing out on attracting climate finance projects.

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  • Chirambo, Dumisani, 2016. "Addressing the renewable energy financing gap in Africa to promote universal energy access: Integrated renewable energy financing in Malawi," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 793-803.
    • Handle: RePEc:eee:rensus:v:62:y:2016:i:c:p:793-803
    DOI: 10.1016/j.rser.2016.05.046
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