Editor’s choice
This brief explores the development and climate benefits of OGS; the opportunities it represents for climate finance institutions, including multilateral climate finance mechanisms; and the potential impact of new funding sources such as blended finance, carbon markets, and the labelled bond market.
The analysis focuses on stand-alone off-grid solar technologies such as solar lanterns, multi-light systems and solar home systems, which together account for about 85% of the global off-grid electricity market. It is based on a comprehensive literature review and interviews with experts.
The authors discuss the development benefits of off-grid solar, the climate mitigation benefits, the benefits for adaptation and resilience, investment needs and challenges, and multilateral climate finance, and finally lended finance, carbon markets and bonds.
The brief sets out key strategies for climate finance to scale up investments in off-grid solar, as follows.
Initiative / The Gridless Solutions Initiative explores alternative technologies for the delivery of critical services like energy, sanitation and freshwater.
Project / This project upscaled off-grid WASH innovations to enable sustainable and circular innovations to reach vulnerable populations in humanitarian crises.
Journal article / With support, agrivoltaic technology could benefit East African agricultural systems and address the region's interrelated climate, energy and food challenges.
Project / A new alliance championing socially responsible renewable energy implementation with meaningful participation and benefits for communities across the globe.
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