Policy and Regulatory Frameworks
Policies and regulations are critical for governments to attract investment in sustainable energy.
Investors look at whether a country has well-defined plans for expanding its main grid or access through mini-grids and stand-alone systems. Financial incentives for building clean energy, access to electricity and clean cooking projects, especially in rural and remote regions, also impact investment decisions. As do consumer subsidies for energy, environmental standards, and many other policies and regulations.
Right now, the world is only about half-way towards the adoption of advanced policy frameworks for sustainable energy, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE).
To increase energy access and achieve SDG7 by 2030, countries need to adopt investment-grade policies and regulations. But this hinges on the capacity of governments and supporting agencies, and many require technical assistance.
- Host a virtual knowledge hub to provide policymakers with easy access to a suite of policy and regulatory tools, templates and decision trees.
- Provide country customization support to facilitate the adoption of best-in-class policies and regulations, strategy development, programmatic implementation, and country-level learning and capacity-building.
- Guide the establishment of locally based solar energy value chains to improve the affordability and uptake of off-grid energy solutions and maximize local economic benefits from this industry.
- Support and utilize the Mini-Grids Partnership (MGP), a consortium of over 300 mini-grid stakeholders, to accelerate the deployment and development of clean energy mini-grids through information sharing, partnerships and collective problem-solving.
Projects and initiatives
• Virtual Knowledge Hub
• Off-grid Electrification in Non-Interconnected Zones in Colombia
• Access Accelerator Rwanda
• Support to the Solar Power Naija Programme in Nigeria
• Mini-Grids Partnership