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To become prosperous and globally competitive, emerging economies require reliable, affordable, and abundant energy for industry and households
Energy is essential for economic growth and the basis of modern lifestyles, yet more than a billion people worldwide live without access to electricity. For millions who may have some access, power is too unreliable or expensive to achieve real prosperity. Boosting generation and expanding access are top priorities for African governments and their partners, including through the US Power Africa Initiative and the Electrify Africa Act. CGD research seeks to redefine what the world means by “modern energy” and to suggest ways to provide energy at scale for development to flourish.
Energy wonks will gather in New York City on April 3 for the third annual Sustainable Energy for All (SE4All) forum to discuss progress on SDG7, whose aim is “By 2030, [to] ensure universal access to affordable, reliable and modern energy services.” The target is wonderful. The details are where this gets a little kinky.
A New York Times piece alleging a “sputtering” Power Africa in advance of President Obama’s trip to Kenya and Ethiopia took us by surprise. To those of us who have been avidly following Power Africa and the continent’s long march toward universal electrification, it’s far too early to draw such negative conclusions on the initiative’s success—much less its future impact. Instead, the early signs are actually quite positive.
In an era of tight budgets, the US government needs to maximize development programs that deliver bang for the buck and services that people want. To do this, it must lean heavily on programs that leverage private capital in support of core development objectives.