Climate finance is becoming an increasingly important aspect of climate change action, and massive sums are estimated to be required to mitigate further increase in greenhouse gas (GHG) emissions. Mitigation projects supported by climate finance further have the possibility to increase access to modern energy services in countries where these are lacking. Focusing on the Green Climate Fund (GCF) and the fund’s climate finance projects committed to enhancing energy access, this study investigates the complexities related to climate finance projects and what possible justice implications climate finance might result in. The area of focus in the study is the African continent, and the aspect of energy justice, specifically energy access equity. The study uses qualitative document analysis and reflexive thematic analysis along with an energy justice lens and framework, to analyse aspects of energy justice in six approved funding proposals of the GFCs energy generation and access portfolio. The results reveal three major overarching themes of a strong focus on private sector enhancement, where risk management and return on investments are common patterns in the approved funding proposals, site selection criteria that focus on financial viability and market potential, and a strong focus on finding a balance between affordability and profits. Resulting from this is likely to be an enhancement of energy access for the middle and low-income population in Africa, however, the results of the study show that energy justice implications resulting from the planned projects, particularly in terms of energy access equity are likely to arise. The themes found in the documents are likely to result in both distributive and recognition justice implications specifically affecting individuals, households and social groups living in extreme poverty or in areas deemed as undesirable for investments. It further highlights the need to consider already marginalised groups in society and not only financial viability of projects to attract private sector involvement. The study concludes that while private finance is positive in terms of climate finance, a balance between private and public finance is of importance, and increased focus must be put on the fairness and equity of energy access projects supported by climate finance from the Green Climate Fund.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-505664 |
| Date | January 2023 |
| Creators | Sjölén, Alice |
| Publisher | Uppsala universitet, Institutionen för geovetenskaper |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
Page generated in 0.002 seconds