Financing Sustainable Energy for All
Description
Note: In addition to the below described commitments, some SE4All Partners may also submit their individual commitments.
In 2010, the United Nations General Assembly declared 2012 as the International Year of Sustainable Energy for All. In September 2011, UN Secretary-General Ban Ki-moon launched Sustainable Energy for All (SE4All). He shared his vision for how governments, businesses, organizations and civil society, working in partnership, can make sustainable energy for all a reality by 2030.
Almost three years after world leaders at Rio+20 declared that “we are all determined to act to make sustainable energy for all a reality”, now is the time to show how. 2015 provides a historic opportunity for SE4All and all of us to be drivers for change to achieve the future Sustainable Development Goals and climate change agreements. SE4All, through its unique partnership between the UN, World Bank and so many other stakeholders, is well positioned to provide a platform for resource mobilization and implementation, building partnerships and tracking progress towards the global energy goal and targets for the post-2015 development agenda. The Sustainable Energy for All initiative also acts in support of the 2014‑2024 Decade of Sustainable Energy for All as declared by the UN General Assembly.
Partners
With over 100 country partners, SE4All has built a strong network of hubs to support implementation. There are now ten thematic and regional hubs established within existing institutions around the world, including: AfDB, AU, NEPAD, UNDP, EBRD, IDB, ECLAC, ADB, ESCAP, Denmark/DTU/UNEP, IRENA, World Bank, TERI, and ECCJ/Japan.
Civil society is stepping up to the challenge. As an example, the SE4All Energy Access Practitioner Network, led by UNF, has more than 2,000 members delivering energy services.
SE4All has also attracted companies such as Accenture, Acciona, Bank of America, Bloomberg, EcoNet Wireless, Enel, Eskom, Eni, Masdar, Renault, Shell and Statoil.
Targets
The Sustainable Energy for All (SE4All) is a multi-stakeholder partnership between governments, international organizations, the private sector, and civil society. Launched by the UN Secretary-General in 2011, it has three interlinked objectives to be achieved by 2030:
-Ensure universal access to modern energy services.
-Double the global rate of improvement in energy efficiency.
-Double the share of renewable energy in the global energy mix.
Energy has also been centrally placed as goal number 7 in the proposals of the Open Working Group on Sustainable Development Goals. The proposed goal is to “ensure access to affordable, reliable, sustainable and modern energy for all”. The proposed goal and its accompanying targets on energy access, energy efficiency and renewable energy are all similar and consistent with the objectives of SE4All.
Indicators
The SE4All Global Tracking Framework is a global data platform and monitoring system designed to support the SE4ALL efforts and to allow rigorous and transparent tracking of progress towards the three global 2030 objectives on energy access, energy efficiency and renewable energy.
The 1st Global Tracking Framework was produced by a consortium of 16 agencies, co-led by the World Bank/ESMAP and the International Energy Agency. This group has since grown to more than 20, and remains committed to publishing regular updates every second year for the crucial decades to come. Its second version was launched in 2015. The following indicators have been recommended for the targets above, as well as the proposed Sustainable Development Goal 7 on energy:
-Indicators for energy access target:
1: Percentage of population with electricity access.
2: Percentage of population with access to non-solid fuels.
-Indicator for renewable energy target:
Share of renewable energy in total final energy consumption
-Indicator for energy efficiency target:
Compound annual growth rate of primary energy intensity to Gross Domestic Product in Purchasing Power Parity terms.
The SE4All Global Tracking Framework will continue to monitor progress towards the three targets, measured against the indicators proposed, during the post-2015 development era.
Resources
At Rio+20 in 2012, voluntary commitments towards sustainable energy for all amounted to some $300 billion, including more than $50 billion from the private sector and investors. This was the largest amount committed across all thematic areas: http://www.se4all.org/tracking-progress/commitments
Preliminary reporting from partners suggests that more than $70 billion of the commitments at Rio+20 have already been invested, with at least 90 million beneficiaries around the world to date.
New financial resources keep being committed by governments and organizations, including national and multilateral development banks. New commitments did also come in during the 2nd SE4All Forum in May 2015:http://www.se4allforum.org/2015commitments
Overall, it is now conceivable that about 1 billion people globally can get sustainable energy based on commitments to SE4All to date.
To facilitate further progress, a Committee on Scaling Up Finance for Sustainable Energy Investments has been established as one of the four committees of the SE4All Advisory Board. The Committee’s draft report identifies a potential for catalyzing USD 120 billion of incremental annual investment by 2020. The final report will be released during the 3rd International Conference on Financing for Development in Addis Ababa, 13-16 July 2015.
Timeframe
All three objectives to be achieved by 2030.