Key EUEI Activities
on Wed, 17/12/2014 - 02:40
Since 2002, the EUEI has been actively involved in creating, developing, facilitating and supporting:
- Policy dialogue;
- Institutional support, technical assistance and networking; and
- Innovative financial instruments
aiming at the key goal of energy access for poverty reduction and sustainable development.
The results of the EUEI’s work can be found in the creation of the following key initiatives:
- Africa-EU Energy Partnership
- EUEI Partnership and Dialogue Facility (EUEI-PDF)
- European Union Member States Energy Development Programmes
- EU-Africa Infrastructure Trust Fund
- GEEREF - Equity investment for Renewable Energy and Energy Efficiency
Africa-EU Energy Partnership (AEEP)
Framework for comprehensive political dialogue on energy
Established in 2007 as one of the partnerships under the Joint Africa-EU Strategy, the Africa-EU Energy Partnership (AEEP) is a long-term framework for strategic dialogue between Africa and the EU aimed at sharing knowledge, setting political priorities and developing joint programmes on the key energy issues and challenges in the 21st century.
The overall objective of the AEEP is to improve access to secure, affordable and sustainable energy for both continents, with a special focus on increasing investment in energy infrastructure in Africa. To achieve this, African and European leaders entrusted the EUEI PDF with providing the AEEP Secretariat.
The AEEP Secretariat works towards fostering strategic political dialogue and networking between Europe and Africa. Thanks to Secretariat’s support, the AEEP is perceived as a long-term framework for structured co-operation between the two continents on energy issues of mutual strategic importance, allowing Africa and Europe to develop a shared vision, common policy approaches and actions.
The work of the Secretariat is under the guidance of a Steering Group (also referred to as the AEEP co-chairs): the European Commission (EC), Italy and Germany as the European partners and the African Union Commission (AUC), Egypt and COMESA on the African side.
For more information on partnerships under the Joint Africa-EU Strategy, please visit: www.africa-eu-partnership.org
Support for policy and strategy development
The Partnership Dialogue Facility (EUEI-PDF) is a multi-donor facility that contributes to the achievement of the Sustainable Development Goals, in particular on energy. As a flexible instrument of the European Union, EUEI PDF promotes sustainable energy for equitable development in Africa, Latin America and Asia.
Therefore, the EUEI PDF:
- Facilitates energy dialogue and knowledge transfer;
- Advises partners to create enabling environments for sustainable energy solutions;
- Supports the development of sustainable energy markets;
- Conducts and promotes research, innovation and capacity development.
This supports the achievement of universal access to sustainable energy thereby contributing to addressing global economic and social development challenges including climate change.
The EUEI-PDF is an instrument developed and funded by a number of EU Member States and the European Commission in the context of the EUEI. Currently the EUEI-PDF receives contributions from the Netherlands, Germany, the European Commission, Sweden, Austria, Finland and Italy.
The EUEI-PDF receives strategic guidance from its governing board comprised from its funders.
Ongoing technical assistance and financial support provided by Member States through bilateral and multilateral programmes
Established in 2007 by the European Commission and European Union Member States, the EU-Africa Infrastructure Trust Fund (EU-AITF) aims to increase investment in infrastructure in Sub-Saharan Africa by blending long term loans from participating financiers with grant resources.
It encourages the financing of infrastructure programmes which facilitate interconnectivity and regional integration on the African continent. It aims to support synergies between European development agencies for the benefit of Africa, leveraging additional funds by blending grants from the European Commission and EU Member-States with long-term loan finance made available by eligible financiers.
EU-AITF donor contributions stem from the European Development Fund (EDF) budget and from several European Union Member States.
The Fund is managed by the European Investment Bank.
GEEREF - Equity Investment for Renewable Energy and Energy Efficiency
GEEREF is an innovative Fund-of-Funds, providing global risk capital through private investment for energy efficiency and renewable energy projects in developing countries and economies in transition.
It aims to accelerate the transfer, development, use and enforcement of environmentally sound technologies for the world's poorest regions, helping to bring secure, clean and affordable energy to local people.
Initiated by the Directorate General for Environment and Directorate General for Development and Cooperation - EuropeAid of the European Commission, GEEREF is both a sustainable development tool and a strong support for global efforts to combat climate change. It is sponsored by the European Union, Germany and Norway and is advised by the European Investment Bank Group (European Investment Bank and the European Investment Fund).
Structured as a Fund-of-Funds, GEEREF invests in private equity funds that specialise in providing equity finance to small and medium-sized project developers and enterprises (SMEs). Therefore, GEEREF does not directly provide funding to renewable energy and energy efficiency projects or enterprises.
See GEEREF’s current portfolio of projects.
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