United Nations has called on
businesses, governments, and
civil society to achieve Sustainable
Energy for All by 2030
New Energy Access Reports – January 2017
Off-Grid and Mini-Grid: Q1 2017 Market Outlook, Bloomberg New Energy Finance
This is the inaugural issue of a quarterly outlook assessing the latest developments in distributed energy and electrification in emerging or remote markets. This issue includes spotlights on Nigeria and India, as well as global updates on market fundamentals, project development and financing. Pay-as-you-go solar companies continued to dominate investments related to energy access in 2016, with more than $223m of funds announced.
Stimulating pay-as-you-go energy access in Kenya and Tanzania: the role of development finance, World Resources Institute
This issue brief draws on findings from desk research, workshops, and interviews with pay-as-you-go (PAYG) companies, donors, and development finance institutions (DFIs) active in energy access in East Africa to assess how PAYG companies have stepped up to serve the approximately 35 million people in Kenya and 36 million people in Tanzania who lack access to electricity, as well as additional millions who are underserved. The paper also draws on interviews with stakeholders involved in Bangladesh’s IDCOL program to provide insight into how DFIs and donors supported the Bangladesh program in order to elicit lessons relevant to the Kenyan and Tanzanian contexts.
This flagship report examines trends and developments in the global quest for a sustainable energy future. As this third edition emphasizes, accelerated deployment will fuel economic growth, create new employment opportunities, enhance human welfare and contribute to a climate-safe future.
Policies and regulations remain crucial to establish a stable and attractive market for renewable energy. Strong government commitment is needed to reduce risk and lower the cost of financing.
- To date, more than 170 countries have established renewable energy targets, and nearly 150 have enacted policies to catalyse investments in renewable energy technologies.
- At the end of 2016, at least 67 countries had held renewable energy auctions, compared to only six in 2005. Solar photovoltaics (PV) achieved new price lows in several countries.
In the power sector, breakthroughs in complementary systems, in particular storage, will enable the integration of larger shares of renewable electricity. Off-grid renewables – via both stand-alone systems and mini-grids – can increasingly complement grid-based options to expand sustainable energy access.
- Battery storage for electricity could increase from less than 1 GW today to 250 GW by 2030, according to IRENA estimates. The market value of battery storage reached USD 2.2 billion in 2015 and is expected to rise to USD 14 billion by 2020.
- Global PV capacity soared from 40 GW in 2010 to 219 GW in 2015. Solar PV could to account for as much as 7% of global power generation by 2030 – a six-fold increase from today.
Global investment in renewables has shown steady growth for more than a decade, rising from less than USD 50 billion in 2004 to a record USD 348 billion in 2015.
The effectiveness of national energy policy will be decisive for achieving the objectives of both the Paris Agreement and the SDGs. Analysis of NDCs and national energy objectives by the Overseas Development Institute (ODI) shows that NDCs do not all include action to reduce energy-related emissions. Those that do, do not necessarily address emissions from all sources of energy, and it is not always clear whether pledges in NDCs are coherent with existing national energy policies and plans.
ODI’s policy brief provides a summary of analysis of the extent to which plans and objectives for the development of the energy sector in 30 low- and middle-income countries contribute to and are coherent with their NDCs. The policy brief recommends that governments:
- Include energy emission reduction objectives in all NDCs
- Align national energy sector plans, national SDG energy targets and NDCs, and
- Provide international support to low- and middle-income countries to revise energy plans and enable them to plan for low-carbon energy systems.
The policy brief and longer research paper are available here.