Purpose:

The Subcommittee on Finance and Fiscal Incentives within the Off-Grid Energy Working Group (OGEWG) is dedicated to serving as the driving force behind discussions and actions pertaining to the critical thematic area of finance. Its primary objective is to assess and address the multifaceted challenges and barriers associated with financing mechanisms in the off-grid energy sector. This includes an in-depth examination of available incentives, subsidies, funding gaps, taxation, and government fiscal policies within off-grid contexts.

 

Roles and Responsibilities

  • Serve as an operational task force to the Off-Grid Energy Working Group (OGEWG), aiming to maintain and enhance coordination within the finance institutions.
  • Encourage and oversee activities aimed at fulfilling the actions outlined in the Government’s policy objectives concerning the thematic area and the off-grid energy sub-sector, thereby enhancing market growth.
  • Act as the primary monitoring body for activities and initiatives supported by Cooperation Partners, with a particular emphasis on addressing policy, regulatory, market, and financing barriers within the off-grid energy market.
  • Collaborate to enhance data collection across the sector, facilitating better monitoring and understanding of progress towards implementation and future impacts.
  • Recognize linkages with other Government programs and cross-cutting initiatives that contribute to creating an enabling environment for the development of the off-grid energy market.

Composition:

The subcommittee on Finance and Fiscal will consist of key stakeholders and pre-selected primary stakeholders from the off-grid sub-sector, serving as permanent members. These stakeholders will primarily be institutions/entities rather than energy programs.