United Nations has called on
businesses, governments, and
civil society to achieve Sustainable
Energy for All by 2030
Top Stories – January 2017
SEforALL FORUM: Going Further, Faster – Together set for 3–5 April 2017 in New York City
The Sustainable Energy for All Forum is the landmark gathering celebrating the global sustainable energy movement. Over 1,000 high-level representatives from government, business, civil society and international organizations will gather in New York City for the 3rd Sustainable Energy for All Forum – its theme being “Going Further, Faster – Together.”
The Forum will be a marketplace to help broker new partnerships and ideas, spur investment and drive action towards sustainable energy and realizing Sustainable Development Goal 7. SEforAll Partners from across the globe will share their stories about how they are achieving results.
“Going Further, Faster – Together” will examine recent data on progress including the launch of the 3rd edition of the Global Tracking Framework on the delivery of universal access to modern energy services, doubling the share of renewable energy and doubling the global rate of improvement in energy efficiency by 2030.
The Forum – coming soon after the Paris Agreement entered into force and just 18 months after the adoption of the SDGs – will target solutions for accelerating and scaling energy access and energy productivity.
In this marketplace, participants will be able to:
- Assess progress towards the SDG 7 and find out where strengthened support and action is needed to keep us on track
- Create new partnerships and begin to unlock finance
- Gain profile and tell your story
- Shape and set the direction for policy and investment discourse on sustainable energy, in a way that ensures no one is left behind
- Grow and inspire the sustainable energy movement
Held at Duggal Greenhouse – located in the Brooklyn Navy Yard – the Forum will showcase:
- The 3rd edition of the Global Tracking Framework
- The Multi-Tier Framework Survey in select High-Impact Countries Country-level deep dives on the Readiness for Investment in Sustainable Energy
- The State of Energy Access report
- Results from efforts to pilot approaches to track the finance flows for energy access
The Forum will be a marketplace which:
- Offers a platform for leaders who want to pitch strategic investment plans and opportunities to an array of investors and market participants
- Create a stunning exhibition space that will allow our Partners to showcase the great work they are doing on energy efficiency, renewables and energy access.
- Help broker new partnerships for our Partners by creating robust networking opportunities throughout the three-day programme
Alongside the Forum, others will gather including an event focusing on bringing the women’s movement – and their funders – into the sustainable energy space. As well as being invited to join the Forum throughout, on Thursday, April 6th, 2017, SEforAll will hold a formal briefing on outcomes from the Forum for Permanent Representatives, and senior UN officials at the UN headquarters.
U.S. Overseas Private Investment Corporation (OPIC) has partnered with India’s Ministry for New and Renewable Energy (MNRE) to launch the US-India Clean Energy Finance (USICEF) Facility – a $20 million fund designed to spur wider public and private financing for renewable power generation in India. OPIC had previously committed $74 million to a 100 MW solar PV project in India’s Telangana state, and sees USICEF as an ideal opportunity to support additional financing for solar projects right across India.
The USICEF Initiative is expected to initiate the flow of up to $400 million in public and private financing for solar rooftop, off-grid, mini grid and small- to medium-scale grid-connected PV projects across the country. Beginning with an initial $20 million finance injection, the USICEF will be a first step towards a larger energy partnership between the U.S. and India, and will form part of a $1 billion pact between the two countries designed to nurture closer relations on matters pertaining to renewable energy and security of energy supply.
Funding for USICEF has already been pledged by a number of U.S.-based foundations, including William and Flora Hewlett Foundation, Good Energies Foundation, the John D. and Catherine T. MacArthur Foundation, and the David and Lucile Packard Foundation, while Delhi-based Climate Policy Initiative (CPI) will act as the fund’s overseer.
The African Development Bank (AfDB) has approved a $870,000 grant to promote off-grid electricity generation in Tanzania under the Sustainable Energy for Africa facility, which is funded by the governments of Denmark, the UK, the US and Italy. The resources will go towards funding private sector clean energy projects, with a view to improving access to electricity in rural areas.
The government of Tanzania has set an objective of increasing access to electricity by promoting renewable energy powered by off-grid and mini-grid electrification schemes. Official estimates suggest as much as half the country could be served by off-grid power, and that mini-grids could benefit around nine million people. By 2022, the government aims to have established 1.3 million connections in rural areas and ensure the average access rate to electricity in all areas is boosted to 35%.
Funding from the AfDB will therefore channel “appropriately tenured and priced” finance to private sector companies developing and operating projects in rural areas using renewable technologies. The SEFA support will help address existing finance gaps in the market and accelerate private sector participation in off-grid electrification in Tanzania.
The Boards of Directors of AfDB have also endorsed the proposal by the Bank’s Management to serve as Trustee to administer and manage the resources of Africa Renewable Energy Initiative (AREI), an Africa-owned and Africa-led initiative of the African Union to help achieve the Sustainable Development Goals via the use of clean energy. AREI was launched at COP21 in Paris in December 2015 and is receiving strong international support from development partners who have committed to mobilizing at least $10 billion cumulatively between 2015 and now to harness Africa’s renewable energy potential and expand energy access across the continent.
AREI will be hosted as an Open Access Global Fund within the Bank’s Power, Energy, Climate Change and Green Growth Complex. As an Open Access Global Fund, accredited Implementing Agencies operating in Africa will be able to access the Fund. It will be functionally independent from the Trustee’s decision-making structures.
The Green Climate Fund (GCF) recently approved grants to support the Asian Development Bank’s (ADB) proposed Pacific Islands Renewable Energy Investment Programme, which intends to boost the use of renewable energy in the region. The program involves Papua New Guinea, Cook Islands, Federated States of Micronesia, Republic of Marshall Islands, Nauru, Samoa and Tonga – an approved total of US$17 million, with US$12 million for the Cook Islands to expand its renewable energy grid, while the rest is committed to developing energy plans, implementing reforms and encourage the investment and participation of the private sector in the industry in the other countries. The Pacific Islands Renewable Energy Investment Programme also intends to conduct feasibility studies for mini-grid projects, solar, wind, and hydropower and energy storage at a cost of around US$400 million.