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Mobilising private climate finance for sustainable energy access and climate change mitigation in Sub-Saharan Africa


Michaelowa, Axel; Hoch, Stephan; Weber, Anne-Kathrin; Kassaye, Ruth; Hailu, Tesfaye (2021). Mobilising private climate finance for sustainable energy access and climate change mitigation in Sub-Saharan Africa. Climate Policy, 21(1):47-62.

Abstract

Ensuring access to sustainable energy is equally relevant for both sustainable development and climate change mitigation. Mobilising private finance in Sub-Saharan African (SSA) countries will, in turn, be of crucial importance for achieving both Sustainable Development Goal (SDG) 7 – which calls for universal energy access – and climate change mitigation goals defined under the Paris Agreement. In this paper, we assess how UNFCCC-backed climate finance instruments have engaged private investment for energy-focused climate mitigation in SSA. Based on this assessment, we develop recommendations for public climate finance institutions. Our work builds on documentary and database analysis and interviews, as well as participatory methodologies applied at a stakeholder workshop conducted in Kampala, Uganda, in 2018. Three case studies from Ethiopia, Madagascar and South Africa illustrate how climate finance interacts with domestic policy instruments, including in relation to the Kyoto Protocol’s Clean Development Mechanism, South Africa’s domestic renewable energy auctions, and the Green Climate Fund. The paper finds that there is no ‘catch all’ success model and approaches need to be tailored to local circumstances.

Abstract

Ensuring access to sustainable energy is equally relevant for both sustainable development and climate change mitigation. Mobilising private finance in Sub-Saharan African (SSA) countries will, in turn, be of crucial importance for achieving both Sustainable Development Goal (SDG) 7 – which calls for universal energy access – and climate change mitigation goals defined under the Paris Agreement. In this paper, we assess how UNFCCC-backed climate finance instruments have engaged private investment for energy-focused climate mitigation in SSA. Based on this assessment, we develop recommendations for public climate finance institutions. Our work builds on documentary and database analysis and interviews, as well as participatory methodologies applied at a stakeholder workshop conducted in Kampala, Uganda, in 2018. Three case studies from Ethiopia, Madagascar and South Africa illustrate how climate finance interacts with domestic policy instruments, including in relation to the Kyoto Protocol’s Clean Development Mechanism, South Africa’s domestic renewable energy auctions, and the Green Climate Fund. The paper finds that there is no ‘catch all’ success model and approaches need to be tailored to local circumstances.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Political Science
Dewey Decimal Classification:320 Political science
Scopus Subject Areas:Physical Sciences > Global and Planetary Change
Physical Sciences > Environmental Science (miscellaneous)
Physical Sciences > Atmospheric Science
Physical Sciences > Management, Monitoring, Policy and Law
Uncontrolled Keywords:atmospheric science, environmental science (miscellaneous), global and planetary change, management, monitoring, policy and law energy access, renewable, energy, climate finance, Nationally Determined Contributions, private actors, Sub-Saharan Africa
Language:English
Date:January 2021
Deposited On:21 Oct 2021 15:01
Last Modified:25 Jun 2024 01:45
Publisher:Taylor & Francis
ISSN:1469-3062
OA Status:Closed
Publisher DOI:https://doi.org/10.1080/14693062.2020.1796568