Innovation Windown: Bangladesh Energy Access to Modernization (BEAM) Fund

The"Bangladesh Energy Access to Modernisation Fund (BEAM Fund" project was implemented in Gazipur and Jhenaidah districts of Bangladesh. The BEAM project fund tested the effectiveness of conditional demand-side subsidies to consumers to improve the effectiveness of financing in reaching vulnerable market segments. The innovation was modelled on SNV's global track record and expertise in the delivery of Results-Based Financing (RBF) while integrating elements of retrofit and conditional cash transfer design principles to enhance a market-driven approach for socially inclusive use of demand-side subsidies. 
Over a period of 18 months, the innovation project impacted circa 7500 people with clean cooking access accross 1500 households. The BEAM project fund provided circa  €30k in demand-side subsidies to consumers. The innovation is aligned with the Government of Banglades''s (GoB) priorities to promote stove stacking practices to achieve universal access to clean cooking by 2030.