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East Africa’s transition process toward renewable energy (RE) sources is essential for the region’s overall development. The project’s objective is to achieve the diversification of energy sources in a technically, economically, and financially viable manner.

The African Energy Guarantee Fund (AEGF) is being developed as one of the key EU responses to the SE4All initiative. The objective of AEGF is to provide risk mitigation and credit enhancement solutions to facilitate and increase private sector involvement in the African energy sector.

KfW and PTA Bank have agreed to pursue the common goal of supporting the development of renewable energy and energy efficiency in Africa by providing financing for investments in renewable energy and energy efficiency projects in the Member States of PTA Bank. To achieve this goal KfW made available a credit line to PTA Bank.

The Global Climate Partnership Fund (GCPF) provided a credit line to Southeast Bank Limited (SEBL) Bangladesh for on-lending to energy efficiency (EE) and renewable energy (RE) investments. SEBL is one of the leading corporate banks in Bangladesh, financing some of the country’s major industries from the textile and pharmaceutical sectors.

To enhance financing and development of small-scale (<20MW) renewable generation projects Uganda has introduced a renewable energy feed-in tariff (REFiT). The REFiT levels are calculated pursuant to a cost-reflective, technology-specific methodology, and have been reviewed and adjusted in 2009 and 2012.

The Green Climate Fund (GCF) is a newly established financial mechanism under the United Nations Framework Convention on Climate Change (UNFCCC). It intends to provide financing for climate change mitigation and adaptation measures from OECD to non-OECD countries whereas the benefiting countries can access the fund directly.  

The scale of financing needed to combat climate change and its impacts is said to be in the hundreds of billions of dollars. In response, many international funds have been made available for developing countries through bilateral, multilateral and private sources.

The objective of the Municipal Infrastructure Development Fund (MIDF) is to provide financing to creditworthy municipalities, municipality-owned utilities and companies as well as private sector operators involved in concessions or public private partnerships, registered and operating in the Western Balkans for the development of new municipal infrastructure, rehabilitation

The European Commission has responded to SE4All through a number of complementary initiatives, including the Technical Assistance Programme in West and Central Africa.

The Cook Islands, which belongs to the Pacific Small Island Developing States (PICs), are among the most vulnerable countries to climate change globally. Partially due to their geographic isolation and remoteness, the PICs demonstrate considerable variety in the degree and type of climate variability and vulnerability.