Decentralized Renewable Energy: The Fast Track to Universal Energy Access. A Power for All Point of View paper presenting a framework to #EndEnergyPovertyFaster and outlining specific actions that MDBs can and should take to expedite delivery of universal energy access. The paper emphasizes a “need for speed” in achieving universal energy access and highlights why decentralized renewable energy (DRE) solutions, such as solar home systems and mini-grids, offer the best path forward. The report further develops the three specific courses of action for MDBs:
- Utilizing energy access opportunity cost assessments in funding decisions;
- Catalyzing dedicated energy access super funds to accelerate the DRE sector; and
- Mobilizing national DRE accelerators (based on successful models like IDCOL) in key countries suffering from energy poverty.