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UK - Foreign, Commonwealth Development Office (FCDO)

Results Based Financing for Low Carbon Energy Access

IATI Identifier: GB-1-202957

Description

To increase access to clean energy through the creation of an expanding market of green mini-grid installations in Africa serving rural villages unconnected to the main grid. This is expected to benefit around 1.3m people by 2018, while reducing carbon emissions by around 260,000 Tonnes of carbon dioxide, through supported private investment in the installation and operation of over 110 renewably-powered mini-grids (figures to be updated after Business Case completion). Electricity access for lighting, communications and productive uses creates jobs, enables studying at night and enhances public services (such as clinics) and public safety (eg through streetlighting). This project also addresses the post-2015 High Level Panel’s recommendation on a development goal entitled Secure Sustainable Energy, which includes energy access and renewable energyThe Results-Based Financing for Low Carbon Energy Access Programme aims to accelerate access to sustainable energy services in developing countries. The funding generates and tests different forms of Results-Based Financing (RBF) mechanism, which aim to stimulate decentralised energy markets and to leverage private investment to increase access to clean energy products and services.

Location

The country, countries or regions that benefit from this Programme.
Africa, regional, Developing countries, unspecified
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Post-completion

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

Policy Marker(s)

ODA measures in relation to their realisation of OECD development policy objectives

Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation significant objective

Download IATI Data for GB-1-202957

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