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Featured
Posted on September 2, 2010

The Economist: Power to the people…

Technology and development: A growing number of initiatives are promoting bottom-up ways to deliver energy to the world’s poor

Sep 2nd 2010

AROUND 1.5 billion people, or more than a fifth of the world’s population, have no access to electricity, and a billion more have only an unreliable and intermittent supply. Of the people without electricity, 85% live in rural areas or on the fringes of cities. Extending energy grids into these areas is expensive: the United Nations estimates that an average of $35 billion-40 billion a year needs to be invested until 2030 so everyone on the planet can cook, heat and light their premises, and have energy for productive uses such as schooling. On current trends, however, the number of “energy poor” people will barely budge, and 16% of the world’s population will still have no electricity by 2030, according to the International Energy Agency.

But why wait for top-down solutions? Providing energy in a bottom-up way instead has a lot to recommend it. There is no need to wait for politicians or utilities to act. The technology in question, from solar panels to low-energy light-emitting diodes (LEDs), is rapidly falling in price. Local, bottom-up systems may be more sustainable and produce fewer carbon emissions than centralised schemes. In the rich world, in fact, the trend is towards a more flexible system of distributed, sustainable power sources. The developing world has an opportunity to leapfrog the centralised model, just as it leapfrogged fixed-line telecoms and went straight to mobile phones.

Read more…

WSJ: Confessions of a Micro-Financier…
August 11, 2010
IFC may invest in microfinance funding agency Ananya…
August 6, 2010
Bloomberg: Hedge Funds Gamble on Poor in `Simpsons’ Farce…
August 6, 2010
San Francisco Chronicle: Microfinance groups help small businesses grow…
August 5, 2010
Washington Times: Micro-finance: Let’s get it going in U.S…
August 5, 2010
18 million Nigerians access microfinance sector…
August 3, 2010
New regulations seen hurting micro-insurance…
July 30, 2010
NY Times: With Squeeze on Credit, Microlending Blossoms…
July 30, 2010
Microfinance: For Community or for Gain?…
July 30, 2010
Gallup: Few Sub-Saharan Africans Aware of Local Microfinance Options…
July 30, 2010
India: ‘Micro finance sector represents good investment opportunity’…
July 30, 2010
WSJ: SKS Microfinance IPO Fully Subscribed…
July 30, 2010
Portfolios.com: Not the Typical Charity Case…
July 26, 2010
Bloomberg: Soros-Backed SKS Microfinance Seeks as Much as $347 Million in Indian IPO…
July 26, 2010
EU implements guarantee action under Progress Microfinance Facility…
July 26, 2010
SKS Microfinance public issue too expensive, say analysts…
July 26, 2010
‘HuffPost Innovators’ features InVenture Fund: A “Micro-Venture Capital Fund”…
July 22, 2010
USAID Supports First Microfinance Conference in Southern Sudan…
July 22, 2010
A Microfinance Bubble? Private Equity Investment Suggests Otherwise…
July 22, 2010
Attorney Duo Creates Microfinance Project to Aid Haitian Farmers…
July 22, 2010
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