Sorry, you need to enable JavaScript to visit this website.
United Nations Department of Economic and Social Affairs Sustainable Development

Provide Risk Mitigation for Clean Energy

#SDGAction39035
Description
Description
Offer support for clean energy through several activities detailed below.







Implementation of the Project/Activity

The commitment will be achieved through offering support for clean energy:

i) public funding for above-market premiums (e.g. to partially cover feed-in tariffs, lighthouse PPAs or other types of performance-based incentives),

ii) a private fund to increase access to equity and debt for project development and ensure financial closure.

Partners
World Bank Group, including MIGA & IFC

Deutsche Bank

KfW

To be determined

Open to additional partners

Goal 7

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

Goal 7

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)

GET-FiT Plus concept to be piloted in Uganda, potentially supported by a WB Partial Risk Guarantee to mitigate risks associated with payment of feed-in tariff. IFC will potentially support the private entrepreneurs and local debt financing needed in such projects. In addition, through its guarantee products, MIGA can support qualified cross-border investments carried out by private sector. The CIFs will provide risk mitigation for clean energy in countries including India, Maldives and Philippines. The Bank will also continue to provide risk mitigation instruments to support mobilization of private financing for our client countries through Partial Risk and Partial Credit Guarantees.
N/A
No progress reports have been submitted. Please sign in and click here to submit one.
False
Action Network
Sustainable Energy for All (SE4All)
This initiative does not yet fulfil the SMART criteria.
Share
FacebookTwitterLinkedIn
Timeline
01 January 1970 (start date)
01 January 2030 (date of completion)
Entity
N/A
SDGs
7
Geographical coverage
Uganda,India,Maldives, Philippines, worldwide
Countries
N/A
Contact Information