Articles by Sanjoy Sanyal
In Kenya, women are battling climate change by using solar products made by innovative local companies. Yet as Sanjoy Sanyal and Chen Chen at the World Resources Institute and Deborah Mburu at IDEAS TANK point out, these companies remain under-supported by the international investing community. They highlight a few of these women and businesses – and urge investors to get off the sidelines.
An ongoing debate on NextBillion in 2017 has been the extent to which impact investors should steer clear of the "hype cycle" surrounding off-grid solar providers, particularly in Africa. But after a recent trip to Tanzania where he met with several solar entrepreneurs, WRI's Sanjoy Sanyal argues that now is precisely the time to push forward. He explores why genuine, impact-seeking investors need to look ahead of the current incumbents and support local entrepreneurs.
The fact that the poor are willing to pay for clean energy has been known for some time. The WRI-New Ventures Power to the People had estimated the Indian market for clean energy at about USD 2 billion a year. The IFC(W) report From Gap to Opportunity that estimates the total worldwide spend of the poor at about USD 37 billion on poor-quality energy solutions.
The lack of energy access is a drag on human development around the world, and it will take an increase in funding as well as the public and private sectors working together to solve this problem. That was one of the conclusions at the workshop, “Fairness and Transparency in Climate Funding: Taking into account the Needs of the Poorest Populations” on May 11 in Bangkok.