At the Gleneagles summit in 2005, the UK secured G8 agreement that the World Bank should lead on establishing a new Clean Energy Investment Framework (CEIF) to support global action to tackle climate change. The framework will increase public and private sector investments in three areas, one of which is access to modern energy services in developing countries. The UK has committed £15 million to the CEIF so far.
Separately, the UK has established an £800 million international window of the UK Environment Trust Fund (ETF-IW) to reduce poverty through action on climate change. We are exploring how best to use this money to stimulate a step change in international financing for climate change. An important element will be to support developing countries adopt low carbon development paths, including the modernisation of their energy sectors.
DFID supports other international efforts to improve the provision of affordable energy in developing countries, such as the Global Village Energy Partnership (GVEP), the EU Energy Initiative (EUEI) and the Energy Sector Management Assistance programme (ESMAP). DFID has committed £4 million (2007-11) to GVEP, £3.8 million (2005-08) to ESMAP and £600,000 to the EUEI since 2004.