"Financing our future: How development finance can drive the shift to a zero-carbon future," Sept 2016

…The urgency of responding to climate change was highlighted…when governments …delivered the Paris Agreement…In the face of these global agreements, investment by the UK and by the multilateral development banks (MDBs) gives a contradictory picture. On the one hand they all are at the forefront of developing and delivering new renewable energy projects…However, they all continue to invest heavily in large centralised fossil fuel projects which have limited or no direct impact on poverty reduction in the countries where they are situated…

This report makes the case that the UK Government and the MDBs can play a catalytic role in the transition to equitable zero-carbon energy…This must include an increased focus on renewable energy provision for those living in energy poverty…

The UK Government and the MDBs should:

1. Ensure better data on their energy investments…is publicly available and set clear targets…
2. Support developing countries to achieve their greenhouse gas reduction commitments…
3. Support developing countries to achieve universal access to energy…