Access to sustainable electrification: Bridging the financial and entrepreneurial gap & Boosting the Clean Development Mechanism

The so called CDM PLUS aims to develop international public-private partnerships to spark socially responsible investments for vulnerable countries electrification, focusing on isolated regions. The mechanism proposes mobilizing new and additional funding to fulfill the objective of universal access to electricity, complementary to traditional financing mechanisms (development aid, international finance, carbon finance). It also offers a scheme for boosting the existing CDM mechanism by addressing its major flaws.

The Mechanism will foster the creation of not-for-profit foundations, affiliated to regulated electric utilities from the industrialized countries, in order to finance renewable technologies investment. The Foundations for Clean Electrification will be financed by a contribution levied on regulated tariffs. The Mechanism would be enacted into an international convention. To monitor the Mechanism, an international agency should promote universal energy access, arbitrate and account investments for the Green Climate Fund.

Twenty years after the Earth Summit in Rio, this mechanism would transform the international solidarity objectives into concrete realizations, bringing clean kilowatt hours to populations deprived of access.