UNDP S WORK ON SUSTAINABLE ENERGY

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1 UNDP S WORK ON SUSTAINABLE ENERGY

2 UNDP IN ACTION As of February 2016 CURRENTLY 262 sustainable energy projects Being implemented or developed in with over US$ 1 billion in grant financing 111 countries and US$ 5.7 billion in co-financing

3 Portfolio breakdown of projects by region Total 262 projects (2016) Arab States 9% Global 2% Africa 27% Asia and the Pacific 26% Latin America and Caribbean 14% Europe and the CIS 22%

4 Portfolio breakdown of projects by Thematic Area (2016) Renewable Energy 18% Energy Access* 37% Energy Efficiency 45% *Out of the 97 energy access projects, 88 projects (90.7%) are renewable energy based energy access projects.

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6 UNDP s Total Investment in Sustainable Energy between UNDP s Sustainable Energy investment over the past 16 years by region Asia - Pacific 490 Over the past 16 years, UNDP invested a total of Europe and CIS Africa US$ 1.9 billion in sustainable energy projects Latin America and Caribbean Arab States Global $0 $100 $200 $300 $400 $500 MILLIONS in153 countries and territories worldwide

7 UNDP s Total Investment in Sustainable Energy between , by Thematic Area US$ 544 million in 135 countries US$ 721 million in 122 countries US$ 603 million in 100 countries

8 UNDP s Investment in Sustainable Energy (4 years) US$ 442 million 380 Projects 124

9 IN MILLION US$ UNDP s Energy Investment by Region and Thematic Area Energy Access Energy Efficiency Renewable Energy AFRICA ASIA AND THE PACIFIC ARAB STATES EUROPE AND THE CIS LATIN AMERICA AND CARIBBEAN Since energy access, energy efficiency and renewable energy activities often overlap within project activities, aggregating investment in thematic areas in this graph does not yield the total amount of investment. TOTAL

10 Funding Sources for Energy Programming over the past 4 years Vertical Trust Funds, $172,589,604 European Commission Cost Sharing, $29,213,320 Local Cost Sharing, $86,642,207 Other Trust Funds, $9,519,458 Thematic Trust Funds, $8,833,973 Regular Resources, $56,807,440 Third Party Cost Sharing, $76,504,814 Funds from the Global Environment Facility (GEF) make up 99% (US$ 171,616,959.79) of Vertical Trust Fund energy investment over the past four years.

11 Over the past 4 years, UNDP implemented leading to UNDP s Work on Sustainable Energy in Africa, benefiting Sustainable Energy Projects Million people impacting in 38 Countries 23 million tco2eq directly reduced 3,472 Communities

12 UNDP s Work on Sustainable Energy in Africa, of which20% US$ 92.2 was invested in energy efficient cook stoves projects million investment in energy projects Portfolio breakdown of projects by Thematic Area in 2016 Currently Energy Efficiency 23% Renewable Energy 14% 71 Projects in total Energy Access 63%

13 UNDP s new sustainable energy framework UNDP s new sustainable energy framework SDG AGENDA 2030 POST PARIS AGREEMENT SUSTAINABLE ENERGY MARKET TRANSFORMATION ENERGY ACCESS ENERGY EFFICIENCY RENEWABLE ENERGY DERISKING APPROACH 3

14 Derisking sustainable energy investments REDUCING RISK Removing the underlying barriers which create risk. In Uruguay, UNDP has supported the government to put in place a policy framework for independent power producers in the wind energy sector. This legislation has reduced the policy risks surrounding potential investment. 430MW of wind farms are now operational, with 1GW in investment anticipated by the end of Furthermore, increased wind investment has already resulted in lower retail tariffs for consumers. TRANSFERRING RISK Shifting risk form the private to the public sector. In Georgia, UNDP has partnered with KFW, to design a credit-line facility for commercial banks to lend to small hydro plants. With the backing of KfW, local banks have now become comfortable lending in this promising sector. The KfW facility directly led to financial closure for an initial two small hydro plants and has since been significantly scaled-up. COMPENSATING FOR RISK Providing higher returns through financial incentives. In Mauritius, UNDP contributed to the capitalisation of a feed-in tariff fund to promote roof-top solar photovoltaic (PV). The feed-in tariff scheme pays a premium price to commercial and residential investors in solar PV, generating a sufficient return to attract investment. The feed-in tariff scheme, part of the government s Maurice Ile Durable initiative, has been fully subscribed by investors. 4

15 THANK YOU! Prepared by Gamze Akarsu