From east Africa to India, finance for off-grid clean energy projects offers a wealth of benefits beyond tackling climate change
Investing in a large-scale wind farm is a better guarantee of profits than multiple, small, off-grid renewables projects but without the latter, argues a recent report, the sustainable development goal of low-carbon energy access for all will never be met.
It is estimated (pdf) close to $50bn a year is needed to achieve universal access to electricity and clean cooking facilities by 2030. Yet traditional forms of climate finance are not working.
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