Finance

Energizing Finance: Scaling and Refining Finance in Countries with Large Energy Access Gaps 2017

Research report
Energizing Finance

This report takes stock of global progress and strategies to provide international and domestic finance for electricity and clean cooking access in 20 high-impact countries predominately in Sub-Saharan Africa and Asia. These countries account for 80 percent of the 1.06 billion people lacking electricity and 84 percent of the 3.04 billion living without clean cooking. The report finds that finance for energy access is not on track to meet universal energy access objectives by 2030. Financial commitments to electricity in 20 high-impact countries averaged $19.4 billion a year. This falls well below the estimated $45 billion needed annually to meet the 2030 objective of universal electrification.

Meanwhile, finance for clean cooking was found to amount to under $1 per capita per year in high-impact countries, compared to the cost of providing an improved (advanced biomass, alcohol) cookstove for a five-person household of between $8 and $40.

This report is part of the series:  Energizing Finance