Informing the Financing of Universal Energy Access: An Assessment of Current Flows
AbstractEnergy poverty is widely recognized as a major obstacle to economic and social development and poverty alleviation. To help inform the design of appropriate and effective policies to reduce energy poverty, we present a brief analysis of the current macro financial flows in the electricity and gas distribution sectors in developing countries. We build on the methodology used to quantify the flows of investment in the climate change area. This methodology relies on national gross fixed capital formation, overseas development assistance, and foreign direct investment. These high-level and aggregated investment figures provide a sense of scale to policy-makers, but are only a small part of the information required to design financial vehicles. In addition, these figures tend to mask numerous variations between sectors and countries, as well as trends and other temporal fluctuations. Nonetheless, for the poorest countries, one can conclude that the current flows are considerably short (at least five times) of what will be required to provide a basic level of access to clean, modern energy services to the “energy poor”.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2011.56.
Date of creation: Jul 2011
Date of revision:
Energy Access; Energy Finance; Financial flows;
Find related papers by JEL classification:
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Moner-Girona, Magda, 2009. "A new tailored scheme for the support of renewable energies in developing countries," Energy Policy, Elsevier, vol. 37(5), pages 2037-2041, May.
- Kinda, Tidiane, 2010. "Investment Climate and FDI in Developing Countries: Firm-Level Evidence," World Development, Elsevier, vol. 38(4), pages 498-513, April.
- Ashoka Mody & Antu Panini Murshid, 2002.
"Growing Up with Capital Flows,"
IMF Working Papers
02/75, International Monetary Fund.
- Patrick Nussbaumer, Morgan Bazilian, Vijay Modi and Kandeh K. Yumkella, 2011. "Measuring Energy Poverty: Focusing on What Matters," OPHI Working Papers ophiwp042, Queen Elizabeth House, University of Oxford.
- Albuquerque, Rui, 2003.
"The composition of international capital flows: risk sharing through foreign direct investment,"
Journal of International Economics,
Elsevier, vol. 61(2), pages 353-383, December.
- Rui Albuquerque, 2004. "The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment," International Finance 0405004, EconWPA.
- Bahmani-Oskooee, Mohsen, 1986. "Determinants of international trade flows : The Case of Developing Countries," Journal of Development Economics, Elsevier, vol. 20(1), pages 107-123.
- Kim, Yoonbai, 2000. "Causes of capital flows in developing countries," Journal of International Money and Finance, Elsevier, vol. 19(2), pages 235-253, April.
- Bazilian, Morgan & Sagar, Ambuj & Detchon, Reid & Yumkella, Kandeh, 2010. "More heat and light," Energy Policy, Elsevier, vol. 38(10), pages 5409-5412, October.
- Singh, Ajit & Zammit, Ann, 2000.
"International Capital Flows: Identifying the Gender Dimension,"
Elsevier, vol. 28(7), pages 1249-1268, July.
- Singh, Ajit & Zammit, Josephine Ann, 1999. "International Capital Flows: Identifying the Gender Dimension," MPRA Paper 53535, University Library of Munich, Germany.
- Barnett, Andrew, 1993. "Aid donor policies and power sector performance in developing countries," Energy Policy, Elsevier, vol. 21(2), pages 100-113, February.
- Noorbakhsh, Farhad & Paloni, Alberto & Youssef, Ali, 2001. "Human Capital and FDI Inflows to Developing Countries: New Empirical Evidence," World Development, Elsevier, vol. 29(9), pages 1593-1610, September.
- Kasuga, Hidefumi, 2007. "Evaluating the impacts of foreign direct investment, aid and saving in developing countries," Journal of International Money and Finance, Elsevier, vol. 26(2), pages 213-228, March.
- R. Gaston Gelos, Ratna Sahay and Guido Sandleris, 2008.
"Sovereign Borrowing by Developing Countries: What Determines Market Access?,"
Business School Working Papers
2008-02, Universidad Torcuato Di Tella.
- Gelos, R. Gaston & Sahay, Ratna & Sandleris, Guido, 2011. "Sovereign borrowing by developing countries: What determines market access?," Journal of International Economics, Elsevier, vol. 83(2), pages 243-254, March.
- Howells, Mark I. & Jonsson, Sandra & Käck, Emilia & Lloyd, Philip & Bennett, Kevin & Leiman, Tony & Conradie, Beatrice, 2010. "Calabashes for kilowatt-hours: Rural energy and market failure," Energy Policy, Elsevier, vol. 38(6), pages 2729-2738, June.
- Mishkin, Frederic S., 2009. "Globalization and financial development," Journal of Development Economics, Elsevier, vol. 89(2), pages 164-169, July.
- Sergio L. Schmukler & Stijn Claessens, 2007. "International Financial Integration Through Equity Markets," IMF Working Papers 07/138, International Monetary Fund.
- Odedokun, M. O., 1996. "International evidence on the effects of directed credit programmes on efficiency of resource allocation in developing countries: The case of development bank lendings," Journal of Development Economics, Elsevier, vol. 48(2), pages 449-460, March.
- Malcolm D. Knight, 1998. "Developing Countries and the Globalization of Financial Markets," IMF Working Papers 98/105, International Monetary Fund.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah).
If references are entirely missing, you can add them using this form.