August 08, 2017
Power for All
Research Summary: Climate Finance MIA for DRE
The International Energy Agency (IEA) says $19.6 billion needs to be invested each year in distributed solutions (mini-grid and off-grid systems) to achieve universal electricity access by 2030. Yet currently just 0.2% of climate finance goes to such solutions, and low-income countries (i.e. the ones who suffer most from energy poverty and climate change) get just 5% of total clean energy finance. India, by the way, which is classified as a lower-middle income country, has received about one-third ($170 million) of total climate finance for DRE.
Learn the facts in this Research Summary of a 2016 report by the International Institute for Environment and Development (IIED).
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