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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
- Categories
- Energy, Environment, Investing, Technology
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Press Release: Study Unveiled at UNGA79 Shows Energy Goals on the Brink; Lower Income Countries Dangerously at Risk of Being Left Behind
With just five years to 2030, The SDG7 Backsliding study raises the alarm on the global energy goals under UN Sustainable Development Goal 7 (SDG7).
- Categories
- Energy
- Region
- Global
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Zeno Raises $9.5 Million to Take On Ampersand and BasiGo With Electric Motorbikes in 2025
The startup intends to accelerate its plans to introduce swappable battery technology across East Africa with the introduction of its first electric motorbikes in early 2025.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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UK and Uganda Unveil £5 Million Clean Cooking Initiative
This two-year initiative is set to tackle critical challenges in clean energy access and enhance cooking conditions for millions of Ugandans.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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UN Report Records First Drop in Energy Access in Decade
This is the first time the number of people without access to electricity increased in over a decade.
- Region
- Global
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New Portfolio Company in Kenya Scaling up Access to Clean Cooking Through Biogas Solutions
An agreement has been signed with a biogas system provider in Kenya to scale up access to clean cooking solutions for small-scale farmers across the country.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Bboxx Partners With TotalEnergies Marketing Rwanda to Scale Clean Cooking Access to 1 Million People Across Rwanda
The partnership will see Bboxx providing its innovative technology and PAYGo finance model and TotalEnergies Marketing Rwanda LPG cylinders.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Press Release: Schneider Electric Energy Access Asia & Spark+ Africa Closes US$3.75 Million Series A Investment in ATEC for Global South Expansions
SEEAA is a €21M investment vehicle managed by Schneider Electric to invest in early-stage clean energy ventures in South and Southeast Asia.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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