Formulation of the renewed Danish support to the Energy Sector Management Assistance Program (ESMAP)
PEM is currently formulating the renewed Danish support to the Energy Sector Management Assistance Program (ESMAP). ESMAP was established in 1983 as an umbrella trust fund under the World Bank, and it is a partnership of 24 donors that aims to help low and middle-income countries reduce poverty and boost growth through sustainable energy solutions. ESMAP has worked in more than 130 countries and disbursed USD 423.4 million in grants. Denmark, a donor to ESMAP since 1998, is now focusing its contributions on fewer, larger projects. PEM is supporting the formulation and consultation process with the Department for Green Diplomacy and Climate of the Ministry of Foreign Affairs of Denmark and the World Bank to ensure the Danish contributions align with the upcoming ESMAP Business Plan 2025-2030.