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Energy+ Goals and Objectives
 Support transformational change to achieve
universal access to sustainable energy and
avoid greenhouse gas emissions
 Scaling-up access to renewable energy
sources and increased energy efficiency
 Test and pilot sectoral market mechanism –
future carbon markets:
 Inform and be informed by UNFCCC
 ”Green Climate Fund – readiness”
3
Design Principles – Energy+
 Country-driven, sectoral approach
 Public funding to leverage commercial
investments, risk mitigation, capacity building:

Energy sector investment ready (”Green Climate Fund-ready”)
 Phased introduction of results-based aid :

“Cash on delivery”
 Indicators to measure performance:


Access and avoided/reduced emissions - MRV
Initially policies and measures
 Use existing programs and institutions
 Social and environmental standards
4
Phased Country Approach –Flexibly Applied
Readiness Phase
National Energy-Climate Strategies or Action Plans
Implementation - “Energizing” - Phase
Capacity building, Institutions, Subsidy, Credit Lines, MRV, Registry
Performance Payments Phase
Results-based Aid and Carbon Resources to Access to Energy and Emission Avoidance
5
Energy+ - Results-Based Incentives at the Sectoral Level
Results-based aid
(RBA)
$
Results-based financing (RBF)
menu
Feed in
tariff (FiT)
Credit
lines
Tax
exemption
$
$
National
authorities
Energy+
Off take
guarantee
Auctions/
tender
MRV
Access
Avoided emissions
….. others
6
Results Chain for Energy+
Impacts
Outcomes
Phase 3
Outputs
Phase 2
Inputs
Phase 1
Processes
Implementation of Results-Based Support




Tailored to country context and capacity
Targeted to the energy (sub)-sector supported
Phased in over time
Initial payment(s) to ‘kick-start’ – down payment:

Enabling framework (capacity, institutions, MRV, registry etc.)
 Interim -Triggers:


Policies and measures, MRV, institutions, registry
Proxies for increased access and avoided/reduced emissions
 Long-term:

Independently verified results – access and emissions
8
Energy+ Support in Various Phases - Examples
 First phase – preparation and planning:


Support to prepare LEDS/energy plan
Initial institutional framework – MRV systems, reference level – BAU
 Second phase – “energizing”:



Results-based aid: enabling environment, policy development, legal
reform, MRV systems, registry etc
Funding on the basis of deliverables – enabling policies and measures
Proxies for increased access and avoided emissions
 Third phase – results-based payments:



Performance: increase in access and/or avoided emissions
Sourced and targeted to leverage commercial investments
Payments from (future) carbon markets and climate finance (GCF)
9
Market Constraints– Implications for Energy+
 No standard approach to identify or remove
barriers across all countries:
•
•
•
•
•
•
Political stability
Regulatory barriers
Cost of capital
Access to capital
Competition with fossil fuels
Enabling infrastructure
 Energy+ - framework to incentivize actors to take
action to create market opportunities:


Energy sector investment ready
Cost of doing business reduced
10
IRR Expectations – Developed – Developing Countries
Source: DB Climate Change Advisors
Private/Commercial Sector – Areas of Support

Developing a national energy/climate strategy:


Information for investment decisions and design:



Finance up-front studies – FS, resource mapping
Climate registry - matches financing and technical needs with public
and private resources
Regulatory framework for investments and contracts:



Clearly defined goals and policy levers
One stop shop or fast tracking for project approval, permits, licenses
Standardized PPAs
Financing models – close RE viability gap:


Zero-interest, extended maturity loans ; Reverse seed investments
Results-based financing menu
12
Improve Coordination and Cooperation
I – Existing funds and mechanisms
EUEI
REEEP
UNEnergy
UNDP
CTF
GEF
SREP
Carbon
funds
MDBs
GEEREF
IFC
Donors
Energy+
Partnership
at country level
$
Results-based aid
EnDev
II – New resources
Carbon markets, private sector,
Green Climate Fund, etc..
Business opportunities
Partnership* and the Way Forward
Durban
Abu
Dhabi
Rio+20
Oslo





*Partners at the launch 10. October
2011.
Open to all interested actors
High-level political commitment
Modalities to be agreed upon
Institutional arrangements?
Technical Working Group
The Partnership - Aimed at Serious Results






Open to all
Focus - action and results on the ground
Partners’ offer depends on
national/regional setting
Support to country action
High-level political commitment required
Technical Working Group – comprised of
partners:


Developing the methodological framework
Partners invited to participate in the
development of Energy+
15
SE4ALL and Energy+
 Share the same objectives:



Universal access
Doubling of improvement in energy efficiency
Doubling of the share of renewable energy
 Energy+:

Access to energy in developing countries through the
use of RE and EE




Explicit climate change objective
Results-based support
Sectoral approach
Carbon market
 Energy+ recognized as an innovative
initiative
16
SE4ALL and Energy+: Rio +20
 Agreement of goals
 SE4ALL – global action plan

Framework for Action - UN institutional structure
 Energy+:



Methodological framework
Partnership – modalities
Country programs:





South African Renewables Initiative
India – renewable fund
Energy+ country programs in Ethiopia, Kenya, Maldives
and Liberia – Norway takes the lead
Other partners – develop programs in other countries
Private/commercial sector focus - consultations
17
Summary: Results Chain and RBA/RBF
Country Cases
Ethiopia
• Climate Resilient Green Economy (CRGE)
• Energy+:
• Increased access to RE and EE in rural areas
• Initial focus on Fuel-Efficient Stoves
• Reduce the consumption of fuelwood – largest
source of rural energy – and decrease GHG
emissions related to forest degradation by 51 Mt
CO2e annually in 2030 or about 20% of the total
abatement potential identified
• Long term (2030) deploying 31 million fuelwoodefficient stoves in rural and urban areas, in the short
term (2015), 9 million stoves in rural areas.
• Abatement potential of 14 Mt CO2e between2012
and 2015 (~USD 2.5 per tonne mitigated)
• Total support NOK 500 million (2012-2016)
• SREP pilot country
•
•
•
•
85 million people
Biomass 88%
13% access to electricity
4 TWH in 2010
Kenya
• Clim
Liberia
• Cl
India
• Cl
Maldives
• Carbon netural by 2030
• SREP pilot country
• 93% access – not reliable service
• Emissions1,3 MtCO2e in 2009,
about1 MtCO2e from energy
• Fuel bill $260 million – 16% of GDP
• RE – 60% from solar
• EE public buildings and resorts
• PV – outer islands
• 400 000 people
• 199 inhabitated islands
• About 100 resorts
South Africa
• South African Renewables Initiative (SARi)
• UK, Switzerland, Germany, Norway, Denmark, EIB
• The aim SARi is enable the ambitious scaling up of
renewable energy in South Africa, as envisaged in
the Integrated Resource Plan for electricity.
• 19 GW of renewables
• $36 billion of investment needs to be mobilised
• Creation of 35-40,000 job
• Emission reductions amounting
to 7% of the emission reductions
needed to meet South Africa’s
Cancun Accord commitment by
2025.
• 910mn t by 2044 or 46Mt per
annum at full ramp-up.
Further information:
[email protected]