Approaches and financial models for scaling up Norwegian development assistance to clean energy
This report is the culmination of a consultative process facilitated by the Norwegian Agency for Development Cooporation (Norad) which has served as a forum for capturing new ideas and actions for further implementation for Norway’s recently launched Clean Energy for Development Initiative.
The Initiative aims to firmly establish support for clean and renewable energy as a central pillar in development cooperation. The present report should be viewed as input into this initiative. The report is motivated by the need for proper incentives to invest in and develop renewable energy projects. In this spirit, the report lays out a set of concrete proposals regarding approaches and mechanisms which should be prioritized, together with the next steps needed to bring these recommendations forward.
The approaches proposed in this report should be viewed as a selection of possible interventions. Additional due diligence work will be required before implementation. The proposed interventions can thus be viewed as initial recommendations for an operationalization of the Clean Energy for Development initiative. The report could also be put forward as a platform for dialogue with other development partners and donors, including the World Bank and the regional development banks. The report is meant to be concise and operational (with additional information provided in the annexes) so as to allow for discussions and comments from a larger audience.