Assessing the true cost of investing in energy resilience
Economist Impact
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Inform your discussions and decisions this week: in 2023, around 745m people worldwide lacked basic access to electricity. This figure includes hundreds of millions of children. Securing energy access would result in huge economic and social benefits.
Energy systems are under increasing pressure as the impacts of climate change intensify. Enhancing energy resilience worldwide is vital for maintaining access to critical services. However, essential levels of energy provision must exist in the first place.
Our new report measures the socioeconomic costs and benefits of investing in energy resilience in developing countries. It focuses on three priority sectors: healthcare, education and water. Using innovative cost-benefit models, our analysis of Pakistan and Tanzania reveals that a $1 investment in energy resilience could return up to $3 in social and economic benefits. Assess what tangible actions are needed to boost private-sector engagement and investment here .
Also in this issue, get the latest on the global energy transition with chair of the Energy Transitions Commission, Adair Turner and understand how renewable energy can improve healthcare in remote or low-income areas. Plus, catch up on our New York roundtable focused on decarbonisation and energy efficiency .?
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This newsletter features content supported by our clients including DP World (Trade in Transition), PureHealth (Positioning health at the forefront of climate negotiations) and Fisheries and Oceans Canada / Peches et oceans Canada, Fugro, National Oceanic and Atmospheric Administration, Ocean Frontier Institute at Dalhousie University, Syndicate 708 (Blue Data Project).
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5 个月Your latest newsletter is truly enlightening! It's inspiring to see the focus on renewable energy and its impact on healthcare in underserved communities. Keep up the great work, Economist Impact!