Discussion » The time to invest in energy access is now. A commentary by Rachel Kyte
In this Commentary, Rachel Kyte, Chief Executive Officer of Sustainable Energy for All (SEforALL), discusses the urgent need for investments towards energy access. On clean cooking she observes:
Across the 20 countries with the largest clean cooking access gaps, representing 84% of those without access globally, the committed annual finance that can be tracked is in the tens of millions of dollars, compared with an estimated annual investment need of at least $4.4bn.
This inability to close the clean cooking investment gap has become a severe development problem – impacting on health, women’s time and natural resources. But it is one with solutions on offer. We need to examine how best to create big markets for affordable clean fuels and much more attention needs to be given to consumer finance, distributor finance, leasing and other mechanisms that have been used to open up markets to those on low incomes in other aspects of basic services. If we include the bundling of clean cooking into safety net payments and invest in innovative cook stove technologies, then this situation could improve rapidly.
The full commentary can be accessed on this link http://www.lse.ac.uk/GranthamInstitute/news/the-time-to-invest-in-energy-access-is-now/?deliveryName=DM5334