Publication date: January 2024
Authors: UNDP / GEF
Description: The "Financial Innovations for Clean Energy in Africa" summary report, part of the UNDP's Climate Aggregation Platform (CAP) report series published on January 26, 2024, provides an overview of the seven financial innovations that were competitively selected and supported by the CAP Innovation Challenge.
Highlighting seven cutting-edge financial models, the report showcases the CAP's efforts to foster the development of innovative financial models for DRE sector, to unlock new sources of capital and climate finance. These innovations aim to increase financing availability, reduce costs for clean energy projects, and ensure clean, reliable, and affordable energy access for all. The models target different sub-sectors, from off-grid and on-grid solar, mini-grids, productive use appliances and e-mobility to clean cooking and could be deployed across different countries in East Africa.
