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M. Irowarisima
sustainable manner.
89 The regional role is to build capacities in countries
and provide assistance to national institutions that require assistance to
adapt to and implement regional energy standards for the overall system’s
efficiency.
ECOWAS and SADC in their various regions should champion negotiations for the creation of a regional free trade movement zone, to ease
the mobility of local skills and expertise in the region for affordable
energy services. Accordingly, the regional institutions should carry out
an assessment of the required skills as well as the existing skills in the
region. Also, due to the absence of data and information relating to
initiatives, there is hardly adequate knowledge for experts in dealing with
and improving the state of regional energy dynamics. To this end, there
is a need for these regional institutions to keep a database to serve as a
one-stop information system for providing incisive insight on planned
and potential energy generation projects and improved evaluation.
The rural areas for both ECOWAS and SADC regions are the most
affected in terms of energy access deficit issues. Thus, to assist these
low-income communities in these regions, it is expedient that more
financial schemes should be introduced. In this regard, the regional
energy bodies need to play a vital role in effectively mobilizing funding
for energy projects in their respective regions. Currently, stakeholders
in the industry have limited support for bankable project preparation
and a lack of capacity to initiate, implement and manage strategic innovative projects. It is in this respect that these institutions could play a
cooperative role in driving fundraising for strategic and/or cutting-edge
projects, particularly by consolidating similar smaller projects for funding
applications.
To achieve these strategic cutting-edge projects as well as the smaller
projects, there is a need to create a regional one-stop-shop for potential project developers and investors; and maintain a database that will
capture all existing potential funding source available to the region.
89 S Mahesh, ‘Lists of Environmental Goods: An Overview’, Information Note,
International Centre for Trade and Sustainable Development (Geneva, Switzerland, 2013), https://www.ictsd.org/sites/default/files/research/2013/12/info_note_list-of-enviro
nmental-goods_sugathan.pdf, accessed March 28, 2020.
M. Irowarisima
sustainable manner.
89 The regional role is to build capacities in countries
and provide assistance to national institutions that require assistance to
adapt to and implement regional energy standards for the overall system’s
efficiency.
ECOWAS and SADC in their various regions should champion negotiations for the creation of a regional free trade movement zone, to ease
the mobility of local skills and expertise in the region for affordable
energy services. Accordingly, the regional institutions should carry out
an assessment of the required skills as well as the existing skills in the
region. Also, due to the absence of data and information relating to
initiatives, there is hardly adequate knowledge for experts in dealing with
and improving the state of regional energy dynamics. To this end, there
is a need for these regional institutions to keep a database to serve as a
one-stop information system for providing incisive insight on planned
and potential energy generation projects and improved evaluation.
The rural areas for both ECOWAS and SADC regions are the most
affected in terms of energy access deficit issues. Thus, to assist these
low-income communities in these regions, it is expedient that more
financial schemes should be introduced. In this regard, the regional
energy bodies need to play a vital role in effectively mobilizing funding
for energy projects in their respective regions. Currently, stakeholders
in the industry have limited support for bankable project preparation
and a lack of capacity to initiate, implement and manage strategic innovative projects. It is in this respect that these institutions could play a
cooperative role in driving fundraising for strategic and/or cutting-edge
projects, particularly by consolidating similar smaller projects for funding
applications.
To achieve these strategic cutting-edge projects as well as the smaller
projects, there is a need to create a regional one-stop-shop for potential project developers and investors; and maintain a database that will
capture all existing potential funding source available to the region.
89 S Mahesh, ‘Lists of Environmental Goods: An Overview’, Information Note,
International Centre for Trade and Sustainable Development (Geneva, Switzerland, 2013), https://www.ictsd.org/sites/default/files/research/2013/12/info_note_list-of-enviro
nmental-goods_sugathan.pdf, accessed March 28, 2020.