Time: 
Friday, 12 May, 2017 - 11:45 to 13:00
Room: 
Hofburg Festsaal
Type: 
High-Level Plenary Session

The session will explore innovative, inclusive, and sustainable business models which have the potential
to guarantee best possible use of available financial resources for the energy transition required to
achieve affordable, reliable, sustainable and modern energy for all. The aim is to discuss successful
business models and the approaches for unlocking finance from available sources to support sustainable
energy investments and implementation.

Resource-efficient and innovative financing solutions allow for upscaling of public and private sector
financing for sustainable energy investments. Particularly smaller projects and bottom-of-the-pyramid
solutions often need tailored approaches and multifaceted solutions to make promising projects
bankable.

Sustainable solutions depend on innovative and inclusive business models that can be scaled up,
replicated, and self-sustaining. For instance, business models of frugal energy solutions typically focus
on capacity building and the inclusion of marginalized low-income people. Both the private and the public
sector have an important role in shaping innovative business models.

The private sector holds the potential to seize the market opportunity that clean energy represents and
address scale-up and replication challenges. Private companies, governments and investors can come
together in making business a significant contributor to closing the clean energy access gap.