Ongoing innovations in the energy sector have played a key role in enabling productive uses of energy resulting in rural economic growth. Here are some of the impactful decentralized renewable energy solutions providing livelihoods and income-generating opportunities.
Unemployment in the countryside of Sub-Saharan Africa and developing Asia is worsening, while nearly 1 billion rural, mostly agrarian people still lack electricity. Providing energy access via decentralized renewables to these communities could turn a double challenge into a huge job creation opportunity.
Less than 15% of $1.7 billion of investment in off-grid energy between 2010-2018 went to mini-grids. Yet $10-25 billion is needed annually to bring electricity to 450 million people by 2030 via renewable energy mini-grids. Investors believe the missing catalyst to unlock private capital is results-based finance (RBF).
Our latest video takes a closer look at the potential for decentralized renewables like mini-grids to unlock an explosion of agriculture productivity and jobs in Sub-Saharan Africa and developing Asia.
Our latest video looks at how micro-grids have successfully helped countries bring electricity to their farmers and rural industries. Examples include the United States, Cambodia, and most recently Nigeria.
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