Reforming Climate and Development Finance for Clean Cooking-Reference-Cited by-同舟云学术

Reforming Climate and Development Finance for Clean Cooking

Published:2024-07-28 Issue:15 Volume:17 Page:3720
ISSN:1996-1073
Container-title:Energies
language:en
Short-container-title:Energies

Author:

Coldrey Olivia¹²^ORCID,Lant Paul¹^ORCID,Ashworth Peta³^ORCID,LaRocco Philip⁴,Eibs Singer Christine⁵

Affiliation:

1. Energy & Poverty Research Group, School of Chemical Engineering, The University of Queensland, St Lucia, QLD 4072, Australia

2. International Institute for Applied Systems Analysis (IIASA), A-2361 Laxenburg, Austria

3. Institute for Energy Transition, Curtin University, Bentley, WA 6102, Australia

4. School of International and Public Affairs and School of Professional Studies, Columbia University of the City of New York, 116th and Broadway, New York, NY 10027, USA

5. Catalyst Energy Advisors, 1935 Addison St, Suite A, Berkeley, CA 94704, USA

Abstract

A transition to clean fuels and technology for cooking is increasingly recognised as a cornerstone of sustainable development. However, sufficient, appropriate, affordable finance to support the transition is lacking. Grounded in primary data collection via expert interviews, this study’s research objective was to critically assess development finance institutions’ (DFIs) delivery of climate and development finance to address cooking poverty. Interview findings underscore DFIs’ important role in the transition, including to create the ecosystem conditions conducive to sustained investment. However, as a group they are not demonstrating the risk appetite and financial solutions that clean cooking markets need. Nor are they operating with the agility and flexibility required for rapid scale-up. Consequently, DFIs are not optimally fulfilling their mandates to create additionality and mobilise private capital in these markets. Interviewees call for DFIs to reconsider their approach, and we rely on these findings to posit a theory of change for clean cooking finance.

Funder

Australian Government Research Training Program Scholarship

Gowrie Scholarship Trust Fund

UQ LGBTQIA+ Bursary

Publisher

MDPI AG

Link

https://www.mdpi.com/1996-1073/17/15/3720/pdf

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