In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). In this work we contextualize the energy transition problem to highlight the importance to develop mathematical models to simulate and optimize large … A portfolio approach would be beneficial to make financing attractive for commercial project finance investors, and to distribute risks. To that end, ASEAN has developed many regional instruments. I don’t remember energy ever before having the prominence it has today in debates about international development. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein. The World Health Organization estimates that in 2016 alone, around 3.8 million premature deaths were caused by this practice. The United Nations launched the Sustainable Energy for All initiative in 2012 (SE4 all); in 2015, SDG 7 was adopted, which is based upon “access to affordable, reliable, sustainable and modern energy services at an affordable cost for all.” But energy is a broad notion: human or animal energy? Renewable energy is the fastest growing of all electricity sources, but there are significant challenges to bringing more renewable energy online at scale. 00144 Rome, Italy, Via Emilia, 1 However, the mini-grid market is yet to achieve a tipping point at which it can expand without subsidized support. commercial and industrial) are present, and they innovate business models to stimulate those customers to use more electricity. At the same time, it becomes all the more challenging to find a new energy model that reconciles and fulfills all needs. The gradual transition towards clean energy and a carbon-neutral economy is one of the greatest challenges of our time. Alarm bells are ringing, and rightly so. Ensuring that the poorest people in the world have access to modern energy sources is therefore a very significant issue, so much so that the United Nations has made it – along with the tackling climate change – one of the 17 objectives of the 2030 Agenda for Sustainable Development. For further information please refer to our cookie policy. We can then tailor our strategies and engagements to country needs which will help us meet our 2030 goal to achieve affordable, reliable, sustainable and modern energy for all (Sustainable Development Goal 7). In actual fact, we know which needs must be addressed, but the timeframes and stages of the complex transition path toward our goal still remain uncertain. Goal 3: Double the rate of improvement in energy efficiency. 16 October 2017: Rachel Kyte, Chief Executive Officer of Sustainable Energy for All (SEforALL), has highlighted seven challenges to achieving sustainable energy, emphasizing the areas in which policy innovations are needed to provide reliable, resilient and clean energy by 2030. Indeed, all of the forces listed until now would alone be enough to bring about a new energy transition, even without a rise in global population. As a result, many are unwilling to invest the time and effort required to conduct due diligence and provide financing for projects that may require as little as USD 1 million or less. In 2019, there was a transaction to finance a portfolio of mini-grids with a total capacity of 1MW in Tanzania. Without such regulations, the state may expropriate mini-grid assets with minimal compensation, or they may become stranded. Sustainable Energy for All (SEforALL), the World Bank’s ESMAP program and Ashden co-hosted a virtual summit to bring together government and philanthropic donors to hear the latest data and insights from energy access enterprises, the challenges they are facing on the ground as a result of this crisis, and the impact this is having on consumers. Solar hybrid mini-grids achieve better economic performance when the power demand profile follows the generation curve of the PV. To get an idea of the expected population growth and its potential impact, let us take a look at the latest UN forecast for this century. Need for regulations to protect mini-grid asset cash flows. For example, many governments lack regulations that protect isolated mini-grids if the main grid arrives. One of them is the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016-2025 which seeks to achieve energy security in a sustainable manner. – Harriet Bulkeley, Professor of Geography, Durham Energy … These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website. The three mega-trends must now be addressed, which are probably the greatest challenges of this century facing the world of energy. Therefore, the next transition has the difficult task of leading us toward an energy system that can meet all needs, solving the issues of conflict. The mini-grid sector needs to take all these concerns into account in order to scale up significantly with private capital. One of the most important of these is the United Nations Framework Convention on Climate Change (UNFCCC), an international environmental treaty which aims to reduce greenhouse gas emissions and which led to the well-known agreement between countries that took part in the Paris conference in late 2015. As can be seen from the graph in Figure 1, taking the mid-point scenario which is the most likely, from the current 7 billion people (or so), there will be around 10 billion people in 2050 and 11.2 billion in 2100. Meaningful improvements will require higher levels of financing and bolder policy commitments, together with the willingness of countries to embrace new technologies on a much wider scale. Sustainable energy is energy produced and used in such a way that it "meets the needs of the present without compromising the ability of future generations to meet their own needs." THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. Climate change and global warming are terms used to identify two phenomena which are easy to describe but very complex to demonstrate scientifically. Clear rules on the arrival of the main grid across surveyed countries, 2018. Sustainable Energy for All (SEforALL) is an international organization that works in partnership with the United Nations and leaders in government, the private sector, financial institutions, civil society and philanthropies to drive faster action towards the achievement of Sustainable Development Goal 7 (SDG7). The challenge then for ASEAN would be to meet this demand and do so in a sustainable manner. Mini-grid developers are increasingly looking for sites where ‘productive-use’ customers (i.e. This is one of the most recent mega-trends, but it has quickly gained importance on the agendas of policymakers, as well as considerable interest in terms of public opinion. The 196-page State of the Global Mini-Grids Market Report 2020 and accompanying open-source mini-grid project database are based on extensive data collection and interviews with 68 mini-grid stakeholders across the world. Electrical energy is needed to help save lives, communicate with friends and family, and complain on Facebook and Twitter. Energy Sector Integrated Technical Studies Eni, Development, Operations & Technology. Share on ... “One of the big challenges that countries like the UK has is how do you make heating more sustainable… PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. Three key challenges to scale up the mini-grid sector By Ruchi Soni, Programme Manager, Results Based FinancingTakehiro Kawahara, BloombergNEF On 1 July 2020, Sustainable Energy for All (SEforALL) and BloombergNEF launched the State of the Global Mini-Grids Market Report 2020 on behalf of the Mini-Grids Partnership. Such irregular income streams pose significant risks to revenue collection. Already today, eliminating the current inequalities in people’s living conditions would require worldwide growth in terms of both the economy and energy availability; a growth that – in order to be fair and sustainable – must also be compatible with environmental, climatic and social targets. Varying weather conditions, seasonality and crop yields all directly impact the ability of these customers to pay their bills. What is climate change? These targets are better known as the “Sustainable Development Goals” with the aim of ending poverty, reducing inequality and promoting social and economic development worldwide. More information: www.se4all.org $50 billion, 10 year, Environmental Business Initiative For example, some are fostering a growing demand for energy which, in the absence of a new production and consumption model, will continue to cause higher greenhouse gas emissions, which is at odds with other mega-trends. In rural areas and remote islands where households are scattered and grid extension is prohibitive, use of decentralized energy technologies such as mini-grids and off-grid solar home systems can be an option to bring electricity to consumers faster and at lower cost. Progress in every area of sustainable energy falls short of what is needed to achieve energy access for all and to meet targets for renewable energy and energy efficiency. Be it for jobs, security, climate change, food production or increasing incomes, access to energy for all is essential. Having the ability to access modern forms of energy in sufficient quantities is not only a key prerequisite to give everyone an opportunity for economic growth and social development, but it is often a matter of survival. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”. Frankfurt Institute Doctoral Student Wins ‘Sustainable Energy for All Challenge’ by Improving Modelling Tool Meant to Facilitate Universal Electricity Access Press Release EN/318-ENV/DEV/1773 These estimates are based on a least-cost approach that selects technologies to provide electricity access at the minimum cost in terms of delivery to end-consumers. We bring scale-ups and large businesses together to make deals and solve industry challenges. I certify that: I have read and understood the disclaimer set out above. Secondly, rural mini-grid operators sell electricity to customers that often have little income and limited ability to pay. Power demand from these customers can be limited and unpredictable as many rely on agriculture for income. Where we are and where we're going. Our work is based on passion and innovation, on our unique strengths and skills, on the equal dignity of each person, recognizing diversity as a key value for human development, on the responsibility, integrity and transparency of our actions. I understand that it may affect my rights. Another mega-trend that ties in with the main challenges facing the energy industry this century is universal access to energy and the struggle against energy poverty. 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