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Enhancing Institutional Capacity: The success of clean cook- ing initiatives depends on the strength of institutional frame- works in partner countries. The OPEC Fund will work closely with governments to develop and implement national clean cooking strategies, providing technical assistance and capac- ity-building support. Efforts will focus on empowering local institutions to lead their clean cooking transitions, ensuring that these initiatives are aligned with national development priorities and sustainable over the long term. Promoting Private Sector & Trade: The OPEC Fund recogniz- es that achieving universal access to clean cooking requires significant private sector involvement. It is committed to fos- tering a conducive environment for private investments by leveraging public-private partnerships (PPPs) and providing targeted financial support to scalable business models. The approach will emphasize market-based solutions that are sustainable and adaptable to local contexts, driving innova- tion and expanding access to clean cooking technologies. Human Capital Development: Clean cooking has far-reaching implications for human capital, particularly in terms of health and gender equality. By reducing household air pollution, clean cooking can significantly lower the incidence of respira- tory diseases, improving overall public health. Additionally, by alleviating the time pressure on women and girls caused by many hours spent collecting fuel, this time could otherwise be spent participating in education and economic activities. The OPEC Fund’s investments in clean cooking will prioritize solutions that deliver these socio-economic benefits, con- tributing to the broader goal of human capital development. Bolstering Food Security: Clean cooking is also integral to bolstering food security, especially in rural communities where traditional cooking methods are closely linked to food production and preservation practices. By promoting effi- cient and clean cooking methods the OPEC Fund aims to re- duce food spoilage, enhance nutritional outcomes and sup- port sustainable agricultural practices. This aligns with the broader objectives of promoting food security and sustaina- ble development across partner countries.
In the coming years, the OPEC Fund will focus on several for- ward-looking strategies to maximize the impact of its clean cooking investments: • Scaling Up Innovations: Embracing new technologies and business models to accelerate the deployment of clean cooking solutions. The OPEC Fund will prioritize innovative approaches that offer scalable and adaptable solutions to diverse national contexts. • Expanding Regional Partnerships: Strengthening col- laborations with regional and international stakeholders to foster knowledge exchange and leverage additional resources. By reinforcing strategic alliances, the OPEC Fund aims to enhance the effectiveness and reach of its clean cooking initiatives. • Leveraging Digital Tools: Incorporating digital tech- nologies for monitoring, evaluation and scaling clean cooking solutions. Data-driven insights will help refine strategies and improve the efficiency and impact of in- vestments. • Capacity Building and Knowledge Sharing: The OPEC Fund will invest in capacity building and knowledge sharing to enhance the capabilities of partner coun- tries and stakeholders. By facilitating the exchange of best practices and lessons learned, the OPEC Fund aims to strengthen the implementation and impact of clean cooking projects. It will actively aim to identify and share knowledge of successful initiatives between its partner and member countries. Households that are able to afford LPG, e-cooking and biogas solutions, respectively: 70 % 56 % 92 %
AN OPEC FUND KNOWLEDGE SERIES REPORT 2024
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