Mohinder Gulati Chief Operating Officer Sustainable Energy for All (SE4All)

Mohinder Gulati Chief Operating Officer Sustainable Energy for All (SE4All)

Sustainable Energy for All: 1 Goal & 3 Objectives Sustainable Energy for All by 2030

The Global Network of SE4All Energy efficiency Energy access Renewable energy More than 100 partner countries (30 initial focus countries) 4 Regional Hubs 6 Thematic Hubs Global Facilitation Team based in Vienna & New York 49 Advisory Board Members 12 Executive Committee Members 6 High Impact Opportunities (HIOs) launched. (several more HIOs coming this year)

Why Sustainable Energy? Energy is the golden thread that connects economic growth, increased social equity and an environment that allows the world to thrive. -- UN Secretary-General Ban Ki-moon Ending poverty and ensuring sustainability are the defining challenges of our time. Energy is central to both. -- Jim Yong Kim - World Bank Group President Co-benefits of the three objectives of SE4ALL are consistent with climate change mitigation, to keep the world below a maximum average 2 degrees Celsius temperature rise. Sustainability and poverty eradication can go hand in hand with mitigating climate risks through the unique multi-stakeholder platform of SE4ALL.

What SE4All Has Achieved 43 SE4All Rapid Assessments/Gap Analyses 50 High-Impact Opportunities (HIOs) identified, 6 HIOs already in operation. The Global Gas Flaring reduction initiative The SE4All Energy Access Practitioner Network (more than 2000 members) The Global Tracking Framework Multi-tier Definition and Measurement of Energy Access The Readiness for Investment in Sustainable Energy (RISE) Global Energy Efficiency Accelerator Platform

Next Steps for SE4All Provide a collaboration opportunity to more than 1,000 leaders from diverse entities at the SE4All Forum in May. Help implement the proposed Sustainable Development Goal (SDG) on energy ensure access to affordable, reliable, sustainable and modern energy for all. Address climate change at country and regional level leading the energy efficiency action aspect of the Lima Paris Action Agenda for COP21. Lead the work to present concrete options for expanding energy access in Africa at the request of G20. Mainstream into the Financing for Development process.

Financial Scale-up for SE4All goal Actual (USD mln. p.a.) Required (USD mln. p.a.) Scale-Up Energy Access 9 45 500% Energy Efficiency 225 393 175% Renewable Energy 244 320 131% SE4All Total* 478 758 158% * Some recent estimates have indicated even higher amounts. A range of approaches to scaling-up and attracting private sector investment is essential to achieve the three SE4All goals. The current pace of investment in sustainable energy is not sufficient to meet SE4All s targets.

Financial Scale-up for SE4All goal Yes, there is an opportunity. Financing sustainable energy for all is possible, although not easy A diverse pool of private sector investors in both OECD and emerging markets could increase their exposure to investments in sustainable energy. In developing countries, particularly with energy supply and access deficits, investments in renewables and energy efficiency would also support access. The overriding challenges are: Developing the deal flow, the pipelines for projects Deploying financing models and structures to attract private finance The governments and power utilities which need to improve governance and management to enhance its creditworthiness.

Financial Scale-up for SE4All goal To address these challenges, it will be important to; de-risk the investment opportunities address scale, risk and liquidity issues develop financing opportunities tailored to each type of investor. Blended capital-focused financing mechanisms are needed to increase the size and scale of investment opportunities and also the reach so that many more smaller scale projects can attract. Developing robust project pipeline is a key constraint, and there are a variety of best practices that should be disseminated.

Financial Scale-up for SE4All goal Recommendations for its application; Establish a Project Development Fund (PDF) to support investments address scale, risk and liquidity issues Establish metrics within SE4ALL s existing Global Tracking Framework to track progress of PDF in helping to catalyse the proposed incremental $120 billion investment Create a forum to share experience on how public sector utilities in emerging markets can be catalyzed to accelerate their focus on clean energy and energy access Deploy and expand systematically public finance from MDBs and other DFIs Explore issuance of green bonds from companies involved in sustainable energy businesses

Financial Scale-up for SE4All goal The SE4All Finance Committee Report (led by BNDES, BAML and the World Bank) suggested concrete ideas and tools for how to mobilize USD 120 billion a year in added energy sector investments. http://www.se4all.org/wp-content/uploads/2014/12/finance-committee-report.pdf The SE4All highlighted some of the solutions when the United Nations Financing for Development (FFD) process kicked off in New York. The SE4All and its partners are now working on preparation for the crucial International Conference on Financing for Development in Addis Ababa, Ethiopia, in July.

The second UN SE4All Forum: Financing Sustainable Energy for All

For Further Information http://www.se4all.org/