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Development Finance for Universal Energy Access

Author

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  • Gualberti, Giorgio
  • Bazilian, Morgan
  • Haites, Erik
  • Carvalho, Maria da Graça

Abstract

The United Nations General Assembly declared 2012 the “International Year of Sustainable Energy for All”, officially recognising 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 analyse 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.

Suggested Citation

  • Gualberti, Giorgio & Bazilian, Morgan & Haites, Erik & Carvalho, Maria da Graça, 2012. "Development Finance for Universal Energy Access," Energy: Resources and Markets 122009, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemer:122009
    DOI: 10.22004/ag.econ.122009
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    File URL: https://ageconsearch.umn.edu/record/122009/files/NDL2012-012.pdf
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    Cited by:

    1. Gualberti, Giorgio & Singer, Christine Eibs & Bazilian, Morgan, 2013. "The capacity to spend development funds in the energy sector," Utilities Policy, Elsevier, vol. 26(C), pages 36-44.
    2. Bhattacharyya, Subhes C., 2013. "Financing energy access and off-grid electrification: A review of status, options and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 20(C), pages 462-472.
    3. Temilade Sesan, 2014. "Global imperatives, local contingencies: An analysis of divergent priorities and dominant perspectives in stove development from the 1970s to date," Progress in Development Studies, , vol. 14(1), pages 3-20, January.

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    Keywords

    Resource /Energy Economics and Policy;

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