ESMAP Business Plan, FY2025–30

Investment Rating - The report does not explicitly provide an investment rating for the energy sector Core Insights - The Energy Sector Management Assistance Program (ESMAP) aims to support low- and middle-income countries in achieving universal access to affordable, reliable, sustainable, and modern energy by 2030, while also accelerating the energy transition and ensuring resilience against climate change impacts [5][28][39] Summary by Sections 1. The Evolving Global Context - The pandemic has hindered progress towards poverty reduction and achieving Sustainable Development Goals (SDGs), with 685 million people lacking electricity access in 2022 [15][18] - Achieving SDG 2030 targets requires an annual investment of $5.4 to $6.4 trillion, with an additional $2.4 trillion needed to address climate change and other global challenges [17][20] 2. Evolving World Bank Context - The World Bank is adopting a new approach to align its offerings and increase energy sector financing, aiming to triple energy lending by 2030 [22][23] 3. The Unique Role of ESMAP in the Global Energy Landscape - ESMAP has evolved from providing hands-on advice during the 1970s energy crisis to addressing modern challenges such as energy access, climate change, and gender mainstreaming [24][25] - ESMAP's achievements from FY2021-24 include mobilizing $19 billion in external financing and supporting the installation of 16.5 gigawatts of renewable energy capacity [27] 4. ESMAP Focus Areas - ESMAP's focus areas include energy access (electricity and clean cooking), energy transition, and foundations for decarbonized energy systems [39] - The report highlights the need for catalytic incentives and tailored solutions to achieve universal energy access, particularly in fragile and conflict-affected regions [41][52] 5. ESMAP's Updated Theory of Change - ESMAP's updated Theory of Change emphasizes supportive government policies, public and private investments, and data-driven decision-making to achieve higher-level results [30][34] 6. Financing the ESMAP Business Plan FY2025–30 - The proposed budget for the FY2025–30 Business Plan includes various budget scenarios to support ESMAP's objectives [6][11]