A New Approach to Scaling-Up Renewable Power in Emerging Markets
Nearly 840 million people live without electricity in the world today, and the global demand for energy is only growing. Without more sustained and strengthened action, 650 million people will have no power within the next decade. With the world going through an unprecedented pandemic, providing affordable energy to the unserved population is even more critical for saving lives, powering health facilities and keeping people connected at home in the short term – and also to enable recovery of the markets in the mid-term.
The World Economic Forum (WEF) Global Future Council (GFC) on Energy aims to support an accelerated transition and universal access to sustainable energy. The GFC has identified four accelerators of energy access. This blog illustrates how innovative and standardized approaches can play a critical role in addressing this huge challenge, as highlighted in the GFC’s energy access work.
Photo courtesy of David Monje.