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Advancing SDG 7 in Least Developed Countries

Document Summary: 
Without urgent and enhanced action, the 47 least developed countries (LDCs) will not be able to reach the SDG 7 targets by 2030. Despite the extraordinary growth potential for the energy sector in LDCs, these countries rarely benefit from larger financing schemes to the same extent as other, more prosperous, developing countries. Sustainable energy should therefore be one of the central thematic topics of the new 10-year programme of action for the LDCs to be adopted at the Fifth UN Conference on the LDCs in 2021. Ending energy poverty in LDCs will require a radical change of pace and massive investment in the next few years. In addition, creating an enabling environment for investment and promoting attractive project pipelines will require well-functioning institutions, as well as public policy and regulatory reforms to help build credibility with investors and effectively scale up private investment
Author: 
IRENA, OHRLLS, Rocky Mountain Institute, UNIDO
Publication Date: 
2020
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