Development Finance for Universal Energy Access

Giorgio Gualberti, Morgan Bazilian, Erik Haites and Maria da Graça Carvalho
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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

No 2012.12, Working Papers from Fondazione Eni Enrico Mattei

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.

Keywords: Development Finance; Energy Policy; Energy Access (search for similar items in EconPapers)
JEL-codes: F35 O20 Q40 (search for similar items in EconPapers)
Date: 2012-03
New Economics Papers: this item is included in nep-cwa and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2012.12

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