26th June 2025
Expanding access to clean, affordable and sustainable electricity to everyone is one of the UN’s development goals.
The following comes from a report by the Prometheus Institute
“Delivering universal access to “affordable, reliable, sustainable and modern energy for all” by 2030 has become a prominent global target under goal 7 of the UN’s Sustainable Development Goals (SDGs). Great progress has been made in recent years according to the 2024 State of the Global Mini-Grids Market (SOTM) Report, which found the number of people without electricity fell by 466 million between 2010 and 2021. Mini-grids have been a key driver towards greater energy access, with installations in 2024 set to be over six times higher than in 2018.
“The UN has nonetheless predicted that 660 million people around the world will still lack access to electricity by 2030, with Sub-Saharan Africa particularly in need of accelerated efforts.” (1)
Projects to meet these goals need to be financed.
This month the United Nations Development Programme noted that:-“As the global community prepares to convene in Sevilla for the Fourth International Conference on Financing for Development (FFD4) later this month, one question looms large: how can we mobilize the capital needed to deliver sustainable development in a world of constrained public finance?
“Africa offers a critical part of the answer.
“This week, UNDP launched the Fourth Africa Investment Insights Report—a data-rich guide to 250 real, investable opportunities across 20 countries. These projects span sectors such as renewable energy, health care, agriculture and inclusive infrastructure. Each one combines strong commercial potential with measurable development impact.
“This is not charity. It is strategic investment aligned with the United Nations Sustainable Development Goals (SDGs).” (2)
Whilst Climate Home News reported:-
“Climate negotiators in Bonn have been tasked with taking a “deep dive” into how a roadmap to boost climate finance for developing countries should look, so that it can be finalised at COP30 in Brazil –
“… At the start of the mid-year talks, UN climate chief Simon Stiell advised governments that the roadmap for mobilising $1.3 trillion a year by 2035 should not be “just a report, but a how-to guide with clear next steps on dramatically scaling up climate finance and investment”.
“That will mean reconciling widely divergent views among countries about what sources of finance the roadmap should draw on – and what form the money should come in…The “Baku to Belém Roadmap to 1.3T” was launched as part of the new climate finance goal (the NCQG) agreed at COP29, with a commitment for donors to raise $300 million annually – largely from the public purse – at its core.
“One main unresolved rift is that developing countries wanted the $1.3 trillion to consist of public money from rich nations – In general, developing countries have requested that the $1.3 trillion should consist of new money that is not re-labelled from other budgets, with public grant money as the bulk of it, excluding loans and other forms of debt.” (3)
Knowing what needs to be done – and knowing how it can be done – is not the same as being willing to pay for what needs to be done.
- https://prometheus.org/2025/01/20/connecting-the-first-in-the-village-mini-grids-on-an-upward-trajectory/
- https://sdgfinance.undp.org/news-events/africas-investment-landscape-awaits-global-action
- https://www.climatechangenews.com/2025/06/23/un-expects-climate-finance-roadmap-to-offer-clear-next-steps/