on the ecosystem conditions of specific markets (including legal, regulatory, economic and political circumstances that act as external influencers on business and market activity), are further processed to derive actionable practice-based policy learning and recommendations. These can be utilised by partner organisations and decision makers involved in legislation and/or other policy and regulatory development processes. The form of REEEP's practiced-based policy will vary depending upon case to fit the needs of the policy making process in question. Although there is a logical sequence to the Invest-Learn-Share approach, this does not imply rigidity in timing; rather, it is an iterative process, in which stakeholders, such as regulators, policy makers and financial actors, are included early and at regular intervals in the project throughout its lifetime. To date the organisation has been funded primarily by governments including: Australia, Austria, Canada, Germany, Ireland, Italy, Spain, Switzerland, The Netherlands, The United Kingdom, The United States and the European Commission. Project interventions In the first phase of its existence (2002-2014) REEEP acted largely as a re-granting institution, funding nearly 200 projects. The majority have targeted emerging markets such as India, China, South Africa and Brazil. These REEEP projects attempted to address two key barriers to clean energy development, and gather and aggregate information on them: Policy and regulation: promoting clear government policies and favourable, transparent and stable regulatory frameworks that will encourage long-term investment in renewable energy and energy efficiency Innovative finance and business models: supporting new forms of financing, risk mitigation and business models to make small-sized renewable and energy efficient projects bankable. Since 2014, REEEP dramatically focused its work toward the targeted "de-risking" of specific markets and sectors, such as solar-powered irrigation systems in East Africa, solar-powered dairy cooling in Bangladesh, or innovative decentralized mini-grid models in Tanzania. Regionally, REEEP has shifted concentration to low- and middle-income countries, although it continues to work in India and South Africa, which are generally considered to be emerging markets: East Africa: Kenya, Tanzania, Uganda Southern Africa: South Africa, Zambia, Botswana Southeast Asia: Cambodia, Myanmar South Asia: India, Bangladesh, Nepal REEEP's ongoing projects include: Power Africa: Beyond the Grid Fund for Zambia - a major fund to stimulate markets for off-grid electrification solutions in Zambia Powering Agrifood Value Chains - a project to develop evidence-based intervention guidance for energy utilisation in the food-producing agricultural sector. Climate Change, Clean Energy and Urban Water Works in Southern Africa -