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The report finds that finance for energy access in high-impact countries (HICs) remains critically insufficient. In 2019, tracked electricity finance in HICs fell to USD 32 billion, with residential access funding at less than one-third of the required annual investment. Clean cooking investment has stagnated around USD 130 million annually, far below the USD 4.5 billion needed. While private investment in clean cooking reached a peak of USD 56 million in 2019, multilateral DFI support plummeted. The report emphasizes the need for climate-resilient infrastructure, as seen in Mozambique, and highlights divergent technological paths in Ghana (LPG) and Vietnam (biogas).

The report finds that energy finance in high-impact countries (HICs) is critically insufficient to meet SDG7 targets. In 2019, tracked electricity finance in HICs fell to USD 32 billion, with residential access funding at only one-third of the required annual investment. Clean cooking investment has stagnated around USD 130 million annually, far below the USD 4.5 billion needed. While there is a positive shift away from fossil fuel electricity generation and an increase in private finance for clean cooking, significant gaps remain, particularly in Sub-Saharan Africa. The report advocates for increased climate resilience in infrastructure, the scaling of decentralized energy solutions, and the integration of clean cooking into national climate policies and NDCs.

The report identifies significant funding gaps for universal energy access, noting that 2017 electricity access finance for new households reached only a quarter of the required annual investment. It highlights critically low investment in Sub-Saharan Africa and a severe shortfall in clean cooking finance, which represents less than 1% of the needed amount. Additionally, it argues that continued investment in fossil fuel power plants is incompatible with the Paris Agreement and the SDGs.