Unlocking climate finance for decentralised energy access
On the first day of the 22nd Conference of the Parties (COP22) in Marrakesh, Morocco, Dutch NGO Hivos focused on 'Unlocking climate finance for decentralised energy access'. Among the panellists were IIED senior researcher Sarah Best. Here's what happened:
- Starting shortly in the Africa Pavilion, room 1, is @hivos' side event on unlocking #climatefinance for decentralised #energyaccess #COP22 pic.twitter.com/WrNTkExVrt
- Joining IIED's Sarah Best to discuss unlocking #climatefinance for decentralised #energyaccess is @JaneEbinger, director at @SE4ALL #COP22
- Sarah Best recently completed research showing that only a very small amount of international public climate finance goes toward to decentralised energy, preventing billions of people from having access to clean energy.
- Best: #climatefinance is underperforming: of $14.1bn, only 3.5% has been earmarked for decentralised energy @hivos #COP22 pic.twitter.com/zfsLyqXUDG
- An extra $23bn per year is needed for deentralised #energyaccess - only 0.2% is currently being allocated, says Best #COP22 @hivos pic.twitter.com/79OZFkgK7V
- Currently only 0.2% of 23USD billion #climatefinance needed is allocated to decentralised #renewableenergy. #COP22 @IIED pic.twitter.com/pCBdWhvYqq
- IIED's Sarah Best presents at the @hivos event on unlocking decentralised #climatefinance for #energy access #COP22 pic.twitter.com/BGHLz45Imc
- Of $5.3bn allocated for energy projects from public #climatefinance, only 5% has been allocated to low-income countries #COP22 @hivos pic.twitter.com/0lkcL8mGDi
- Why don't climate funds for energy programmes (USD 5.6b) go to the countries that need them most? #COP22 #renewables pic.twitter.com/bW2gnu0mK2
- Best: #climatefinance won't flow unless the national policy environment is favourable to investment. Shortage of proven biz. models #COP22
- Three #climatefinance barriers identified by Best, including a preference for loans rather than grants for #energyaccess #COP22 pic.twitter.com/06ZwVD0JEB
- If interested in Best's research into unlocking #climatefinance for decentralised #energyaccess download the report: http://pubs.iied.org/16621IIED/ pic.twitter.com/TWYfuOXHD0
- The event went on to discuss opportunities to unlock climate finance for decentralised energy with improvements to international frameworks, developing national enabling environments, and earmarking money for decentralised solutions and lower income countries.
- @Powerhive's Chris Horner explains how data helped prove to financiers that African consumers are bankable, long-term propositions #COP22
- Best: Getting #climatefunds to small domestic companies, is crucial. Challenges inc language/knowledge/not small enough sums of money #COP22
- Statistics showing lack of funds flowing to decentralised #energyaccess are 'staggering & shocking' says @christian_aid rep at event #COP22
- Should there be earmarking of climate funds specifically for decentralised energy? One poss solution to encourage #energyaccess flows #COP22
- We need to change design features of climate funds & earmark #climatefinance to increase #energyaccess #COP22 @IIED
- An overriding message from the @hivosorg event on unlocking #climatefinance for decentralised #energyaccess at #COP22 https://twitter.com/hivosorg/status/795648097045151744 …
- Want more? Read Sarah Best's blog on four challenges to powering local economies --> http://www.iied.org/four-challenges-powering-local-economies … #COP22 @hivosorg #energyaccess pic.twitter.com/5S2cTrIYvU
- DOWNLOAD: Unlocking #climatefinance for decentralised #energyaccess --> http://pubs.iied.org/16621IIED/ @hivosorg #COP22 pic.twitter.com/pVscIFkTzM