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 “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. Climate Policy Initiative will be present throughout and takes part in two sessions on Tuesday April 4th.
13:45 – 14:45
Finance flows for energy access: are the right levels of finance flowing?
SEforALL, Climate Policy Initiative, World Bank, African Development Bank, Practical Action Consulting
Access to finance is cited as one of the core barriers to accelerating energy access. In an effort to unlock the necessary levels of investment, SEforALL has engaged partners to develop an inventory of where finance is flowing and whether these flows meet the financing needs and absorptive capacity of those seeking to close the access gap. The Session will explicitly solicit feedback on the approach, methodology, data and stakeholders needs and perceived challenges to ensure its relevance and usability, and will ensure that we meet the overall project goal – to inform decision makers on how to mobilize the most effective and appropriate finance required to deliver energy access by 2030.
15:00 – 16:00
Unlocking investment for energy efficiency and access in developing countries
Climate Policy Initiative
Finance is a key challenge to scaling up sustainable energy access in developing countries. While the capital exists, redirecting investment from high-carbon to low-carbon pathways requires innovative solutions that balance risks and returns and appeal to the private sector. Fortunately, there are a growing number of effective solutions that have already increased energy access and energy efficiency. This session will showcase financial instruments drawn from the Global Innovation Lab for Climate Finance and related programs with the potential to drive billions of dollars in investment by addressing persistent barriers to investment.