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EXPO Milan Workshop: “Innovative Finance for Access to Energy”

EXPO Milan Workshop: “Innovative Finance for Access to Energy”

State 

completed

Date 

21 September, 2015

Country 

Italy

Summary

Date: 21st of September 2015

With the recognition that access to modern and sustainable forms of energy is a prerequisite for economic development and poverty alleviation, the Sustainable Energy for All initiative, launched in 2011 by the United Nations’ Secretary General Mr. Ban Ki-moon, is a global initiative that brings together governments, private sector and civil society in their commitment to achieving universal access to energy by 2030.

The International Energy Agency has estimated that, in order to provide universal access to modern energy, US$750 billion of cumulative investment is necessary in the period from 2010 to 2030. This is additionally with respect to the amount already foreseen by the most optimistic policy scenario.

While the majority of investments in energy access are geared toward extension of national electricity grids, the majority of those who currently do not have access to energy will more feasibly be reached through off-grid solutions and access to clean cooking facilities. As such, the workshop focused on leveraging investment opportunities to access to electricity through off grid energy access technologies. 

This workshop thus had the aim of sharing the progress made, and identifying future solutions in financing investments for access to modern energy via off-grid solutions and access to clean cooking facilities. The World Access to Modern Energy initiative (WAME) and the Africa-EU Energy Partnership (AEEP) have joined forces to set up this forum within WAME’s workshop series.

The workshop brought together key players who are leading the rise of innovative finance for energy access. It aimed to share the most recent developments and innovations and jointly discuss the way forward for ensuring that innovative finance is available, reaches its intended targets, stimulates energy access projects and maximizes its social impact.

The event's agenda, for download and details on participation, can be found on the right of this page.

The event was being streamed live on http://www.wame2015.org/

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