Modern Energy Cooking: Review of the Funding Landscape

This report aims to address this challenge of underfunding in the clean cooking sector by galvanizing greater sector investment. Based on desk research and surveys and interviews with 60 clean cooking companies, funders and organisations, the data in this report identifies three key drivers, which are crucial for scaling and transforming the modern energy cooking sector. This includes the increasing use of “smart data” features and pay-as-you-go technologies by modern energy cooking companies, the emergence of electric cooking using cost-effective energy-efficient appliances and the changing financing landscape due to the new and innovative modern energy cooking appliances. With the growing market and diverse players entering the sector, multilateral development banks (MDBs) and other large development finance institutions (DFIs) could bring much needed expertise and resources to support further innovation.