Clean Energy Access
WHY INTERNATIONAL CLEAN ENERGY ACCESS?
Approximately 1.3 billion people around the world live in darkness, often without access to even small amounts of life-changing electricity. The good news is that we can change this by deploying off-grid renewable energy technologies. These technologies are available today, and are better suited to meeting the challenges of energy access than centralized coal projects and grid extension. That means we can solve energy poverty and climate change at the same time.
TIME TO PUT OUR MONEY WHERE OUR MOUTH IS
Even though we have this tremendous opportunity, we don’t have the investment to make it happen. That’s because public and private actors have yet to step up and make this incredible opportunity materialize. Unfortunately, public institutions like the World Bank are stuck in the past, continuing to spend their money on dirty fossil fuels and grid extension. That’s why we’re calling on public institutions to shift their investment to distributed renewables – the fastest, cheapest, most effective tool for combatting energy poverty.
“CLEAN ENERGY SERVICES FOR ALL: FINANCING UNIVERSAL ELECTRIFICATION”:
A new report by Stewart Craine, Evan Mills, and Justin Guay shows that prevailing estimates of the investment required to end energy poverty rely on a flawed analysis from the International Energy Agency (IEA) that requires unrealistic investment levels, at inappropriate growth rates, for inefficient energy delivery. The report proposes a new approach founded on a clean energy model of delivery that reflects real world investment opportunities and needs. The report projects a 26 percent compound annual growth rate (CAGR) which will enable the industry to grow to a $12 billion annual market as universal electrification is achieved. Click to download.
- $45 Million Flows to Off-Grid Solar in Past Four Months
- Women, Energy Access, and India’s Elections
- Norway’s Investment Can Help End Energy Poverty
- Solar Power in a Bottle
- What d.light’s $11 Million Investment Means for Off Grid Solar
- Follow us on Twitter: @Guay_JG, @VrindaManglik, #energy4all
- Sign up to receive our India Environment Post by email every two weeks
Tweet at the following institutions to ask them to finance more off-grid renewables:
- World Bank (@WorldBank)
- Inter-American Development Bank (@the_IDB)
- African Development Bank Group (@AfDB_Group)
- Asian Development Bank (@ADB_HQ)
- USAID (@USAID)
- @WorldBank: the world needs #energy4all. Fund off-grid solar, not fossil fuels!
- @WorldBank - looking for innovative energy solutions? distributed solar's got you covered! finance off-grid solar. #energy4all