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TABLE 3: A Growing Landscape of Clean Cooking Financiers
TYPE OF CAPITAL PROVIDER
EXAMPLES OF PROVIDERS
TYPICAL FINANCIAL INSTRUMENTS
Bilateral development agencies
Foreign, Commonwealth and Development Office (UK),
• Energy access programs which include clean cooking research & development and corporate grant programs • Results-based financing • Blended finance
Swedish International Development Cooperation Agency, International Development Cooperation (Netherlands), U.S. Agency for International Development
Multilateral development banks (MDBs) and development finance institutions (DFIs)
OPEC Fund for International Development, World Bank Group,
• Sovereign and
non-sovereign loans
Asian Development Bank, African Development Bank,
• Indirect financing via debt or equity funds • Technical assistance • Results-based grants, e.g. World Bank Clean Cooking Fund • Grants, e.g. for institution building and policy-making or risk-tolerant equity • Early-stage debt to high-risk companies • First loss and other subordinated debt
Inter-American Development Bank, Dutch Entrepreneurial Development Bank (FMO), British International Investment, Nordic Development Fund
Private foundations
Osprey Foundation, Shell Foundation
Impact investors/private investment funds
Equity funds: e.g. Acumen, Energy Access Ventures, Novastar Ventures, ENGIE Rassembleurs, IIX Growth Fund Debt investors and funds:
• Equity and debt generating both financial return and socio-economic impact
e.g. SIMA, Oikocredit, AlphaMundi, Triodos
Crowdfunding
Peer-to-peer lending platforms: Lendahand, Trine Bettervest, Crowd Credit (Japan)
• Loans for small and medium- sized enterprises at different stages of development • Loans for micro enterprises
N/A
Venture debt platforms: Kiva
• Donations and rewards
1. THE CLEAN COOKING AGENDA
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