Financing for development MOOC final project

1. FINANCING
FOR
DEVELOPMENT
financing
for
development
course-­‐
dec
15
1

2. SUSTAINABLE
DEVELOPMENT:
GROWTH
WITHIN
PLANETARY
BOUNDARIES
Many
parts
of
the
world
have
achieved
economic
growth…
but
at
the
cost
of
environmental
balance.
With
the
overuse
of
fossil
fuels
as
source
of
energy
to
create
economic
progress,
the
world
is
now
experiencing
climate
change
(heat
waves)
caused
by
greenhouse
gas,
ocean
acidificaWon,
ozone
depleWon,
aerosol
loading
creaWng
air
polluWon,
overuse
of
fresh
water
resources
and
exWncWon
of
vegetal
and
animal
species
Yet
we
need
energy
in
order
to
grow
world
output
3
Wmes
to
achieve
SDGs
…but
to
survive,
we
need
to
grow
differently
COP21
objecWve
is
to
limit
global
warming
to
20C
by
2050
This
can
only
be
achieve
by
switching
our
sources
of
energy
from
fossil
to
renewable
financing
for
development
course-­‐
dec
15
2

3. SOLAR
POWER
• It
is
a
renewable
energy
in
the
form
of
solar
radiaWon
used
to
produce
electricity.
It
exist
in
abundance
in
our
environment.
• It
is
a
clean
energy
which
does
not
produce
CO2
and
it
lessens
our
dependence
on
fossil
fuels
• Its
price
has
been
decreasing
over
the
years
and
it
is
projected
that
in
2020
solar
power
will
be
as
cheap
as
our
current
electricity
cost
financing
for
development
course-­‐
dec
15
3

4. RWANDA’S
1ST
UTILITY
SOLAR
FIELD
• Gigawa_
global
has
installed
the
1st
uWlity
scale
solar
field
in
Rwanda
in
feb
2015
h_p://cleantechnica.com/2015/02/09/1st-­‐uWlity-­‐scale-­‐solar-­‐energy-­‐
project-­‐east-­‐africa-­‐now-­‐online-­‐rwandas-­‐total-­‐grid-­‐capacity-­‐surges-­‐6/)
• It
will
boost
Rwanda
total
electricity
grid
capacity
by
6%
at
a
cost
of
2.79
c
per
wa_
• It
will
produce
8.5
MW,
connecWng
15,000
homes
and
creaWng
350
local
jobs
• At
the
same
Wme
it
allows
the
country
to
address
numerous
SDGs
targets
by
using
clean
energy,
promote
gender
equality
via
women
employment,
improve
educaWon
by
allowing
night
studies
using
solar
lamps…
financing
for
development
course-­‐
dec
15
4

5. BLENDED
FINANCE
MODEL
• The
23.7
millions
USD
project
was
completed
in
12
months
in
a
landlocked
country!
• It
used
“
blended
finance”
which
is
a
mix
of
public
sector
social
returns
objecWves
with
private
sector
financial
return
objecWves
• Although
the
main
funder
was
Africa
clean
energy
finance
program
via
OPIC,
a
wide
range
of
other
actors
financed
the
project
• The
model
could
be
duplicated
many
Wmes
as
Gigawa_
global
plans
to
develop
1000
MW
solar
energy
in
Africa
by
2020
• Corporates
companies
like
Google
are
also
switching
to
sustainable
energies
using
financially
sustainable
models
h_p://www.google.rw/green/energy/
financing
for
development
course-­‐
dec
15
5