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Development Finance for Universal Energy Access


  • 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)


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

  • Giorgio Gualberti & Morgan Bazilian & Erik Haites & Maria da Graça Carvalho, 2012. "Development Finance for Universal Energy Access," Working Papers 2012.12, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2012.12

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    References listed on IDEAS

    1. Alesina, Alberto & Dollar, David, 2000. "Who Gives Foreign Aid to Whom and Why?," Journal of Economic Growth, Springer, vol. 5(1), pages 33-63, March.
    2. 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.
    3. Owen O'Donnell & Eddy van Doorslaer & Adam Wagstaff & Magnus Lindelow, 2008. "Analyzing Health Equity Using Household Survey Data : A Guide to Techniques and Their Implementation," World Bank Publications, The World Bank, number 6896, June.
    4. Barnett, Andrew, 1993. "Aid donor policies and power sector performance in developing countries," Energy Policy, Elsevier, vol. 21(2), pages 100-113, February.
    5. Baulch, Bob, 2006. "Aid distribution and the MDGs," World Development, Elsevier, vol. 34(6), pages 933-950, June.
    6. 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.
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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. Glemarec, Yannick, 2012. "Financing off-grid sustainable energy access for the poor," Energy Policy, Elsevier, vol. 47(S1), pages 87-93.

    More about this item


    Development Finance; Energy Policy; Energy Access;

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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