Thursday, December 10, 2015

UNDP Administrator on aggregating financing for low-carbon energy

More than 1.1 billion people around the world currently lack basic access to electricity. Huge investments will be required to meet these needs and to enable developing countries to meet rapidly growing electricity demand  - and to do so in sustainable ways. UNDP, in partnership with the GEF, is already supporting innovative solutions for transformation of the energy sector so that the proportion of renewable provision in the mix can rise. 
Financial aggregation is an innovative approach which can support the funding of small-scale sustainable energy solutions and make clean energy more affordable, reliable, and accessible. The newly announced Climate Aggregation Platform aims to raise awareness of this approach, promote standardization, and showcase investments made. Read more at http://www.undp.org/