Informing the Financing of Universal Energy Access: An Assessment of Current Flows

Morgan Bazilian, Patrick Nussbaumer, Giorgio Gualberti, Erik Haites, Michael Levi, Judy Siegel, Daniel M. Kammen and Joergen Fenhann
Additional contact information
Morgan Bazilian: United Nations Industrial Development Organization
Patrick Nussbaumer: United Nations Industrial Development Organization
Giorgio Gualberti: Technical University of Lisbon
Erik Haites: Margaree Consultants Inc.
Michael Levi: Council on Foreign Relations
Judy Siegel: Energy and Security Group
Daniel M. Kammen: The World Bank
Joergen Fenhann: UNEP Risoe Centre, Technical University of Denmark

No 2011.56, Working Papers from Fondazione Eni Enrico Mattei

Abstract: Energy poverty is widely recognized as a major obstacle to economic and social development and poverty alleviation. To help inform the design of appropriate and effective policies to reduce energy poverty, we present a brief analysis of the current macro financial flows in the electricity and gas distribution sectors in developing countries. We build on the methodology used to quantify the flows of investment in the climate change area. This methodology relies on national gross fixed capital formation, overseas development assistance, and foreign direct investment. These high-level and aggregated investment figures provide a sense of scale to policy-makers, but are only a small part of the information required to design financial vehicles. In addition, these figures tend to mask numerous variations between sectors and countries, as well as trends and other temporal fluctuations. Nonetheless, for the poorest countries, one can conclude that the current flows are considerably short (at least five times) of what will be required to provide a basic level of access to clean, modern energy services to the “energy poor”.

Keywords: Energy Access; Energy Finance; Financial flows (search for similar items in EconPapers)
JEL-codes: Q4 (search for similar items in EconPapers)
Date: 2011-07
New Economics Papers: this item is included in nep-cwa and nep-ene
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