Sustainable Development Goal 7 (SDG7) of universal access to affordable, reliable and modern energy services.
To meet the Sustainable Development Goal 7 (SDG7) of universal access to affordable, reliable and modern energy services and be on track to achieving the climate goals of the Paris Agreement, significant investment in clean energy is needed. Thus, mobilising finance for greater investment in renewable energy production, distribution and transmission infrastructure, clean off-grid energy, energy efficiency, and clean energy storage is vitally important.
This investment is critical to rapidly reducing emissions, improving access to clean energy, and accelerating the energy transition to achieve SDG7 and limit the global temperature increase. The inability to access clean energy finance directly and indirectly is a fundamental issue of climate justice and a just energy transition. To address the financing gap and boost clean energy investment, access to both public and private sector financing is crucial.
Clean energy financing can come from a diverse range of sources. There are numerous funds, financial institutions and other actors in clean energy finance that can be sought out to source grants, concessional debt, commercial debt, export credits, equity, balance sheet financing etc. These are available regionally and internationally, with an appetite for investing in clean energy projects or programmes in developing countries and small states.
Clean energy financing can come from a diverse range of sources.
Download