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United Nations Department of Economic and Social Affairs Sustainable Development

Sustainable Energy Initiative (SEI) Phase 3

#SDGAction39021
Description
Description
EBRD has a sustainable energy financing target of $8 billion for the period 2012 to 2014 with a total investment target of $30 billion including cofinancing with partners which supports SE4ALL goals.
Implementation of the Project/Activity

EBRD has just approved Phase 3 of its Sustainable Energy Initiative (SEI) which focuses on energy efficiency and renewable energy. Since its launch, EBRD SEI finance between 2006 and 2011 reached $11 billion for 464 projects. For more information see: <a href="http://www.ebrd.com/pages/sector/energyefficiency/sei.shtml">SUSTAINABLE ENERGY INITIATIVE (SEI), European Bank for Reconstruction and Development</a>

Partners
Work with broad range of partners including:Governments and private companies in countries of operations. Private companies active in sustainable energy projects including industrial corporates, banks, equity fund managers, utilities, renewable energy project developers. European Union. GEF. Climate Investment Funds. Bilateral donor governments supporting EBRD Sustainable Energy Initiative. UNIDO and UNEP

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)

EBRD has set a sustainable energy financing target of $8 billion for the period 2012 to 2014 with a total investment target of $30 billion including cofinancing with other partners.
EBRD has also set a target to achieve annual CO2 emission reduction target of 32 million tones on projects financed through SEI by 2014.
Financing (in USD)
30000000000
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.
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Timeline
01 January 1970 (start date)
01 January 2014 (date of completion)
Entity
N/A
SDGs
7
Geographical coverage
European Union
More information
Countries
N/A
Contact Information