Hivos International

Climate Finance

“Universal energy access by 2030 is now within reach”. The title of the International Energy Agency (IEA) press release announcing the Energy Access Outlook 2017 report, released on 19 October, sounds promising. The IEA’s detailed analysis of the status of energy access in the world attributes its optimism to growing political will and declining costs of energy technologies.

(Note: the Green Climate Fund Board is meeting from 12 – 14 October 2016 Quito, Ecuador)

The fact our planet’s climate has been affected beyond repair by human intervention is one of the most thoroughly researched and well-established scientific findings of all time. If we are to even partially avoid crippling future generations with debts and dangerously degraded environments, then we need thorough action as soon as possible. A solution was sought in the first-ever universal, legally binding global climate deal within the United Nations Framework Convention on Climate Change (UNFCCC).