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Woman fixing solar charge controller The GEF Strategy on Renewable Energy The Global Environment Facility (GEF) addresses the issues related to climate change through two approaches: mitigation and adaptation. On mitigation, the focus is on reducing Greenhouse Gas (GHG) emissions through energy efficiency, renewable energy, and solutions for sustainable transport. On adaptation the focus is on activities that minimize the adverse effects of climate change. Recognizing the importance of energy to economic development, the unfavorable effects of fossil fuels, and the sustainability of renewable energy sources, the GEF has made it a strategic objective to support projects that promote transfer of renewable energy technologies and work with regulatory institutions to reform policies and rules for this vital sector. Evolution of the GEF Renewable Energy Strategy During the GEF’s pilot phase (1991–94), the strategy was to demonstrate a viable range of technologies useful for stabilizing the concentrations of GHGs in the atmosphere. After restructuring, from GEF-1 (1994–98), to GEF-2 (1998–2002) and GEF-3 (2002–06), the GEF focused on renewable energy technologies that were mature, available on the international market, and profitable, but were prevented from dissemination by informational, institutional, technological, policy, or financial barriers. Projects implemented under the strategy were termed “barrier-removal” projects, as they sought to remove such barriers to promote faster adoption of new technologies and practices. Support has been provided to countries to open up electricity regulations to renewable energy generation and, especially in the field of biomass GEF support has focused largely on the utilization of biomass wastes and residues. In 2004, this barrier-removal strategy was defined even further to focus on interventions in the following fields: Policy frameworks: Governments must play an essential role in setting policies favorable to the adoption of environmentally sound technologies (ESTs). Technology: The range of available technologies should be robust and operational—more mature technologies are easier to transfer. Awareness and information: National stakeholders, especially market participants, must be aware of the technology and have information on its costs, uses, and markets. Business and delivery models: Market- based approaches are preferred; businesses and institutions must be in place to deliver to and service those markets. 4 THE GLOBAL ENVIRONMENT FACILITYPDF Image | INVESTING IN RENEWABLE ENERGY: THE GEF EXPERIENCE
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