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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.
This post originally appeared on Carnegie Council for Ethics in International Affairs' Policy Innovations blog.
Imagine the United States sending low-calorie food aid to Ethiopia in response to the global obesity epidemic. Absurd, right? Even if global waistline trends are worrisome, Ethiopians didn't create the problem. Such a policy would be futile since it would have no noticeable impact on the global aggregate.