Sustainable Renewables Risk Mitigation Initiative (SRMI) Facility

Falling technology costs are making investment in renewable energy commercially viable in increasingly more countries. Nevertheless, global investment remains below the targets needed to meet the Paris Agreement. Achieving universal access to electricity will require rapid growth in the share of variable renewable energy used in global power generation. This programme is designed to help unlock the large amounts of private finance needed to complement the limited public funding available. It will help the seven target countries shift to low-emission sustainable development pathways and increase access to affordable, reliable, sustainable and modern energy. To do this, the programme will support the use of technical assistance, public investments and risk mitigation instruments.