Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-352-562"

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"en.20120202.31.4-352-562"2
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". During the last decade, financial assistance targeting energy access for the poor has been modest. EC aid, the third largest fund in the world, has contributed modest amounts of money for energy access for the poor. The bilateral aid cooperation provided by EU countries in the area of energy has had its primary focus on economic growth and environmental objectives, rather than on energy access for the poor, and a similar situation can be seen with other important bilateral aid cooperation programmes (the US, Canada and so on). Climate change financial mechanisms have also contributed very little so far to energy access for the poor. The financial gap in the provision of universal energy access is large. The International Energy Agency states that the investment necessary for providing universal energy access by 2030 amounts to USD 756 billion, or USD 36 billion per year. Whilst this figure sounds unachievable, it represents just 3% of total projected spend during the period and could be financed through the cooperation of international funds, private/public partnerships, bank finance at multilateral, bilateral and local levels, microfinancing, loans and targeted subsidies."@en1

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