Government of Norway (2nd SE4All Forum Commitments)

#SDGAction40242

Description

Norway has committed 1.8 billion NOK/220 mill USD in 2015 to sustainable energy in developing countries. This includes support through Norfund, the Norwegian Investment Fund for Developing Countries, which mobilizes private capital for renewable energy investments. Norway supports 15 African and Asian countries to promote sustainable energy and mitigating CO2 emissions. Support is also provided through multilateral channels and programmes like the World Bank, Asian Development Bank, GEEREF, IRENA, ENDEV, Clinton Climate Initiative etc.

Implementation of the Project/Activity

A key strategy for Norway is to mobilize new partners and focus on the role of private sector. Creating a predictable investment framework for energy investments is key. This includes developing and improving financial instruments that can mitigate risks and increase the volume of private investments, including public-private cooperation.
Norway is ready to continue supporting SE4ALL and will allocate 30 mill NOK (approx. 4 mill USD) to SE4All in the period 2016-2018.

Partners

Government of Norway

SDGS & Targets

Goal 7

Ensure access to affordable, reliable, sustainable and modern energy for all

7.1

By 2030, ensure universal access to affordable, reliable and modern energy services

7.1.1

Proportion of population with access to electricity

7.1.2

Proportion of population with primary reliance on clean fuels and technology

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix

7.2.1

Renewable energy share in the total final energy consumption

7.3

By 2030, double the global rate of improvement in energy efficiency

7.3.1

Energy intensity measured in terms of primary energy and GDP

7.a

By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology

7.a.1

International financial flows to developing countries in support of clean energy research and development and renewable energy production, including in hybrid systems

7.b

By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in particular least developed countries, small island developing States, and land-locked developing countries, in accordance with their respective programmes of support

7.b.1

Installed renewable energy-generating capacity in developing and developed countries (in watts per capita)

SDG 14 targets covered

Deliverables & Timeline

17 December, 2021

Universal access to modern energy services

Resources mobilized

N/A

Partnership Progress

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False

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Action Network

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Timeline

01 January 1970 (start date)

01 January 1970 (date of completion)

Entity

N/A

SDGs

Geographical coverage

Norway

Website/More information

N/A

Countries

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