ABSTRACT
This chapter identifies the Addis Ababa Action Agenda (AAAA) core financing principles and broad categories of sources of financing, including domestic resources mobilisation, public resources such as multilateral development banks (MDBs) and global donor facilities, private businesses, foreign direct investment (FDI) and official development assistance (ODA). One of the main objectives of the AAAA is to strengthen the financial framework and the means of implementation of sustainable development post-2015. The AAAA envisages that a high up-take of renewable energy projects is desired in order to complement the use of fossil fuels and mitigate the threat of climate change and ensure energy efficiency to achieve Sustainable Energy for All (SE4All) by 2030. Global Environmental Facility (GEF) energy financing generally supports projects for emissions reduction, energy efficiency, renewable energy development and commercialisation of renewable energy technology. The GEF helps countries identify innovative business models involving low-carbon options that the private sector can adopt.
