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|| How can subsidies accelerate universal energy access?
||International Institute for Environment and Development (iied), Hivos and Tearfund
|| Online Seminars
- Energy Access
- Financing and Business Models
|| 2020/10/22 14:00 BST
|| 2020/10/22 15:15 BST
|| Online Seminar
|| link to the event|
|| If universal access to energy is to become a reality in the next decade, additional efforts to increase public finance are required. Making progress on energy access and transitioning to renewable energy should also form a central part of countries’ recovery from the COVID-19 crisis.
Subsidies are necessary to achieve universal energy access. They are needed to bridge affordability gaps and the higher costs involved in ensuring that the poorest and most remote communities are not left behind. In rural areas especially, many communities cannot afford even the most basic modern energy services.
The coronavirus pandemic has highlighted the importance of addressing inequalities in access to energy, including electrification of health care facilities and clean cooking.
Policymakers and investors increasingly recognise that subsidy support from public finance will be required to reach more remote communities and achieve universal energy access. There have been numerous dialogues on the need for effective subsidies in recent years and a growing body of literature supporting this view.