Publication: ESMAP Business Plan, FY2025–30
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2024-10-15
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2024-10-15
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In its Business Plan FY25-30, Energy Sector Management Assistance Program (ESMAP) aims to support client countries on three overarching objectives: (i) ensure universal access to affordable, reliable, and modern energy services by 2030; (ii) accelerate the transition towards a sustainable, just, and decarbonized energy system; and (iii) ensure the resilience and adaptation of the energy sector to the growing impacts of climate change and other shocks. The Business Plan has two focus areas: energy access and energy transition. The energy access focus area helps World Bank clients achieve results on the ground and will employ three approaches: (i) catalytic incentives to facilitate private sector investments and connections, (ii) hands-on implementation support, and (iii) tailored solutions for all beneficiary groups. The energy transition focus area will be implemented through three complementary workstreams: (i) scaling up renewable energy, storage, and clean hydrogen; (ii) scaling-up energy efficiency and decarbonization of end-use sectors; and (iii) transitioning away from unabated fossil fuel. These workstreams will be supported by the Financial Innovation Window designed to provide last-resort project de-risking and incentives for innovation and resilient investment. All workstreams will support economic and leadership opportunities for women and excluded groups.
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“Energy Sector Management Assistance Program (ESMAP). 2024. ESMAP Business Plan, FY2025–30. © World Bank. http://hdl.handle.net/10986/42248 License: CC BY-NC 3.0 IGO.”
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