Phnom Penh, February 1, 2017-- Today the Climate Investment Funds (CIF) and the Asian Development Bank (ADB) host over 90 international and national high-level participants from 20 countries that are implementing programs to scale up renewable energy programs.
This meeting is part of the CIF’s ongoing commitment to fostering peer-to-peer learning among Scaling-Up Renewable Energy Program (SREP) countries on practical issues related to the design and implementation of climate-smart investment plans and renewable energy activities; as well as to identify concrete opportunities for collaboration between SREP and other relevant funds and programs.
Cambodia has set ambitious targets to achieve 100% village electrification and 70% of households connected to the national grid, by 2030. In 2013, data showed that just 55% of households have access to electricity; one of the lowest rates in Southeast Asia.
The CIF’s $839 million SREP is supporting global efforts to scale-up of electricity access through renewable energy-based systems, such as mini-grids, geothermal, hydropower and solar. SREP funding is channeled through five multilateral development banks, including ADB, to support the deployment of renewable energy solutions to increase energy access and economic opportunities.
Participants will join conversations on a range of key topics, including Gender, Energy Access, and Productive Use, Transformational Change in Energy Access, and How Countries are Aligning Initiatives for Renewable Energy and Energy Access.
They will also have an opportunity to see how the host country is innovating in its energy sector to enable sustainable economic growth and to help remove the barriers that impede investments in renewable energy through visits to local renewable energy projects.
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