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<p>DFID’s energy work is aligned with the new Global Goals, particularly Goal 7, to
ensure access to affordable, reliable, sustainable and modern energy for all by 2030.
DFID’s energy work is guided by international studies including, for example, by the
International Energy Agency, the International Renewable Energy Agency and the Energy
Sector Management Assistance Programme based at the World Bank. Recent research by
the International Renewable Energy Agency indicates that investment in renewable energy
increases GDP, improves welfare, creates more jobs and shifts patterns of trade.</p><p>DFID
provides significant funding to support renewable energy work, including through the
UK Government’s International Climate Finance (ICF) allocation, as well as spend through
multilateral funds, such as the Climate Investment Funds and the Green Climate Fund,
which have significant renewable energy components.</p>
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