September 18, 2023

Power for All

Press Releases, Energy Policy

The Energy Access Imperative

To achieve universal energy access for the 1.2 billion living in energy poverty by 2030, the International Energy Agency (IEA) estimates it will cost $33 billion a year, or a total of $700 billion between 2010 and 2030. While the United Nations and a number of governments have identified universal energy access as an imperative, the current prospects seem dim: IEA estimates put the burden of energy delivery investments on governments and institutional investors, and anticipate it will take a quarter century to achieve. The financial costs are daunting and the opportunity costs are unacceptable.

There is a better path to universal energy access: market-based distributed solutions that directly engage the energy impoverished in creating their own (renewable) energy and controlling their own destinies.

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