Powering development with affordable, sustainable electricity
More than 1.3 billion people still lack access to affordable, reliable electricity—critical to education, health and livelihoods. Fossil fuels also continue to be the dominant fuel source; more than 40 percent of world’s electricity generation still relies on coal burning. The current model for electricity generation is failing to deliver a sufficient supply of clean energy and universal access to affordable and reliable electricity remains elusive.
Charge, a WRI Energy signature initiative, works to create electricity markets that will deliver 10 billion MWh of affordable renewable energy and extend access to 1 billion people by 2020.
As the costs of renewable energy fall dramatically, we have an opportunity to solve access and climate challenges. But this requires substantial change throughout the electricity sector, including understanding the costs and benefits of renewable energy compared to business as usual and developing new models for buying, planning for, and regulating electricity. The promise of emerging technologies can be enabled by an evolving sector that delivers low-carbon development.