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Development Finance for Universal Energy Access

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Author Info

  • Giorgio Gualberti

    (Instituto Superior Técnico, Lisbon, Portugal)

  • Morgan Bazilian

    (United Nations Industrial Development Organization, Vienna, Austria)

  • Erik Haites

    (Margaree Consultants,Toronto, Canada)

  • Maria da Graça Carvalho

    (Instituto Superior Técnico, Lisbon, Portugal)

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    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.

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    Bibliographic Info

    Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2012.12.

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    Date of creation: Mar 2012
    Date of revision:
    Handle: RePEc:fem:femwpa:2012.12

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    Related research

    Keywords: Development Finance; Energy Policy; Energy Access;

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    References

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    1. Rosenzweig, Michael B. & Voll, Sarah P. & Pabon-Agudelo, Carlos, 2004. "Power Sector Reform: Experiences from the Road," The Electricity Journal, Elsevier, vol. 17(9), pages 16-28, November.
    2. Alberto Alesina & David Dollar, 1998. "Who Gives Foreign Aid to Whom and Why?," NBER Working Papers 6612, National Bureau of Economic Research, Inc.
    3. Barnett, Andrew, 1993. "Aid donor policies and power sector performance in developing countries," Energy Policy, Elsevier, vol. 21(2), pages 100-113, February.
    4. Sioshansi, Fereidoon P., 2006. "Electricity Market Reform: What Have We Learned? What Have We Gained?," The Electricity Journal, Elsevier, vol. 19(9), pages 70-83, November.
    5. Baulch, Bob, 2006. "Aid distribution and the MDGs," World Development, Elsevier, vol. 34(6), pages 933-950, June.
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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.

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