Topic: Rural Programs

Rural Programs Articles

No Resolution in Sight for International Climate Finance

Some of the largest battles at November’s United Nations climate conference, COP22, broke out over climate financing – who pays for it, who gets the money, and who meets the requirements. The stage for the financing challenges was set in 2009 when developed countries agreed to a target of raising $100 billion USD annually by 2020 in the Green Climate Fund (GCF).

Wells Fargo Funds Minority-Owned Green Businesses in North Carolina

After decades of underinvestment, African-American farmers and small business owners in North Carolina will now receive green enterprise loans from Natural Capital Investment Fund. The award of $1.6 million, announced on May 3, is part of a much larger program by Wells Fargo that seeks to fill part of the huge void in bank financing of minority-owned businesses.

Replacing Diesel Generation with Hybrid Renewable Energy Plants

What players are emerging to transform the fleet of off-grid diesel power plants in developing countries? This year’s Finance for Resilience winners at the Bloomberg New Energy Finance Future of Energy Summit included Global Renewable Independent Power Supplier (GRIPS). GRIPS seeks to connect large off-takers with investors through an innovative, market-based approach. According to Alexander Voigt, CEO of GRIPS, the startup will replace captive diesel generation with hybrid renewable power plants in places with nonexistent or unstable grid connections.

Innovation Routes Clean Energy to Low-to-Middle-Income Communities

On Oct. 20, stakeholders from across the clean-energy-finance sector came together for the day-long conference in New York City, Innovations in Clean Energy Finance IV: Market Successes and Lessons for Lower Income. The conference was convened by Citi, Environmental Defense Fund, and Elevate Energy. An historic hardware store is still open in a community in Edmonton, Canada. Low- and moderate-income (LMI) households are often respectively defined as families with incomes less than 80 percent or 100 percent of the Area Median Income. They comprise 40 percent of American households, according to a report by the Federal Reserve Bank of Kansas...

A Solar Social Enterprise Collects Best Practices in India

How can social enterprises finance solar power and other investments sustainably while also bringing funding up to scale? SELCO Foundation hosted two roundtable discussions in India in 2014 and 2015 to ask stakeholders how to respond to these challenges. The roundtables and a set of interviews yielded a report, “ Bridging Gaps: Investors and Social Energy Enterprise .”

Citi Suggests Global Climate Investment Goals

On the surface, Citi’s recommendations of global climate investment goals, published in August in the report “Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth,” look deceptively simple. But a closer look at the patchwork of international regulations, legislation, and carbon markets reveals that financing clean energy in developing nations may be quite challenging to accomplish.

A Road Map for Introducing Clean Energy in Developing Nations

Developing nations encounter multifaceted challenges when they seek to create clean-energy infrastructure. Responding to a need for a road map to help developers and decision makers solve these problems, EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) and Practical Action have published a report called “Building Energy Access Markets: A Value Chain Analysis of Key Energy Market Systems.”