By 2030, 228 million people worldwide are expected to still be without access to electricity due to affordability and access constraints, and COVID is likely to push that number higher. "Demand-side subsidies," i.e. reducing the cost of power to the poorest of the poor, are essential to avoiding this scenario, concludes ACE TAF.
By 2021, the green-energy investing will account for 25% of all energy spending, for the first time ever, surpassing spending on fossil fuels, according to Goldman Sachs. Africa's growing middle class could be pivotal to the continent's transition to a sustainable energy future.
Eight months after coronavirus was first reported, it is clear that donors, multilateral agencies and governments have failed to offer adequate financial relief to the industry providing energy services to tens of millions of rural poor. As a result, the economic impact on the "energy access" sector is a rapidly unfolding crisis.
Micro, small and medium-sized enterprises (MSMEs) are the global engine of innovation and job creation. On MSME Day, learn about the state of energy access entrepreneurship in Africa and Asia, how disruptive ingenuity is accelerating SDG7, and why financial and technical support for innovation must be redoubled post-pandemic.
Placing community awareness campaigns at the core of rural electrification projects can increase connections by 50%, reduce the cost per connection by 24% and significantly improve the overall economics of the projects. This preliminary conclusion emerged as a result of a Community-Based Energy Education Programme led by Energy 4 Impact in Tanzania between October 2018 and December 2019.
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