Description/achievement of initiative
Initiative will provide 500 million people in the developing world with the support they need to gain access to sustainable energy.
The help of the EC greatly assisted with the target intended to achieve, developing countries that sign on to the initiative will have the opportunity to adopt cleaner, more efficient technology from the start, leapfrogging technologies and infrastructure that developed countries established in the past. The goal of the initiative is to provide energy services to 500 million people by 2030, by empowering developing countries through program elements such as: A world-class Technical Assistance Facility, drawing upon EU experts to develop technical expertise in developing countries. A focus on refining, expanding and improving energy-related innovative financial instruments and risk guarantee schemes in developing countries in order to unlock greater private investment. An effort to mobilize an additional several hundred million euros to support concrete new investments in sustainable energy in developing countries, with the goal of leveraging even greater flows of additional investment from the private sector.
Arrangements for Capacity-Building and Technology Transfer
Coordination mechanisms/governance structure