finance for electricity access too little, too dirty: energy body

by:Yovog     2023-07-19
BARCELONA (
Thomson Reuters Foundation-
Finance that provides electricity to nearly 1 billion people is on the rise --
But an international agency said on Monday it was too slow to reach the global goal for all by 2030.
At the same time, funding to expand cleaner and more energy
Efficient cooking has declined, Sustainable Energy for All (SEforALL)
In a report, the level of financing for 2015 and 2016 was compared with the previous two yearsyear period.
20 countries in four countries
Among those who do not have access to electricity, electrified finance grew by 56% in 2015, averaging about $30 billion a year --2016.
But the report says it is still well below the $52 billion needed each year.
A multi-quarter of investment in 2015 and 2016, or $8 billion per year, for the grid
Connected fossil fuel plants, twice the expenditure in 201314 -
\"There may be things that the global community will focus on,\" it added \".
China provides the fifth fossil.
Fuel expansion funds.
Rachel Kitt, CEO of SEforALL, is also a special representative of the United StatesN. secretary-
The General Administration for energy access said that the growth of electricity funding was \"far from sufficient to meet targets or meet demand, or to make these communities resilient in the face of the effects of climate change \".
In seven developing countries, including Nigeria, Malawi, Sudan and Afghanistan, investment in electricity fell by 50% or more in 2015, down 2016 from 2013 --14, with sub-
Less money was received throughout sub-Saharan Africa.
India, the Philippines, Bangladesh and Kenya received 86% investment in 2015
2016 expand electricity supply for the 20 countries studied.
At this point, the same four companies have received the biggest revenue from new coal --
The report says power plants often do not help the poorest people who are not connected to the grid. “The benefits (
Fossil fuel plant)
\"Energy supply may be negatively affected by human health and its contribution to global climate change,\" it said . \".
The study surveyed international and domestic sources of funding for an average of more than two years.
The study highlights a small portion of the funding
Renewable power in power grids, including solar energy.
More and more decision makers and experts believe that this system is the fastest and most costly.
It says this is an effective way to boost power supply.
Non-annual investment
In 0. 38 billion and 2015, the average power grid was $2016, compared with $0. 21 billion in 2013 and 2014, but this investment accounted for only 1.
3% of the funds were tracked, the report said.
Kyte told the Thomson Reuters Foundation that these figures indicate that\"
How important it is to appreciate
Grid will be used in these countries \".
She urged the development bank to pay more attention to decentralized clean energy when helping countries expand their electricity supply.
Last week, close to 60 environmental and-
Poor groups based in Africa and other regions sent an open letter to the African Development Bank (AfDB)
It is urged to strengthen its financial support for clean energy access on the African continent.
After the launch of the new African energy deal in 2016, the bank financed non-energygrid and mini-
The power grid rose to 6.
Energy project approval 6%-2016
According to the letter, less than 2017 people in the past two years were 2%.
Under the partnership aimed at achieving universal access to electricity in Africa by 2025, the African Development Bank pledged to invest approximately $12 billion between 2016 and 2020, while leveraging cooperation of up to $50 billionfinancing.
However, the civil society letter cited new data from the International Energy Agency, estimating that
The population of sub-Saharan Africa is growing, and in 2030, 0. 6 billion of people still have no access to electricity, mainly in rural areas, \"unless there is a significant change in the status quo \".
SEforALL\'s Kyte said the development bank has also failed to meet the huge demand for cleaner cooking, although countries such as Rwanda and Indonesia have stepped up efforts to stop polluting fuels such as kerosene and charcoal.
Nearly 3 billion people around the world are still cooking on dirty fuels that cause indoor air pollution, killing more than 4 million people a year, especially women and children.
However, the funding for the catalytic shift to cleaner cooking methods and heat sources remains \"very low\", down 5% per year in 2015 to $30 million --
SEforALL reports.
\"The way we deal with this is very different,\" Kyte said . \".
The best way to promote access to clean energy as a whole is for the government to develop supportive policies and develop capital markets to attract investment --
However, she pointed out that many people still need international assistance to achieve this goal.
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