The Deputy Prime Minister today announced ?25m new funding for the ?Scaling-Up Renewable Energy Programme? to support renewable energy in low income countries. The announcement was made at a meeting of the Sustainable Energy for All (SE4All) initiative held at PwC in London, ahead of the United Nation?s Rio+20 conference.
Commenting on the announcement, Malcolm Preston, partner, PwC sustainability and climate change.
"Energy is a critical element of poverty reduction strategies in low income countries. Increasing the use of renewable not only offers the consumer accessible energy, it builds low carbon infrastructure into a countries' development and growth.
?Getting the energy infrastructure right, quickly, for low income countries is critical as it's the foundations for economic development. Developing countries are on the front line of climate impacts, so renewables - if they work at scale, will limit greenhouse gas emissions without limiting growth.
"The Sustainable Energy for All initiative is important to bring together a better understanding of the private sector view point on timeframes, investment and roll out, so that better public-private partnerships can be established regionally. Otherwise there is a danger that whilst academically sensible, everything that is attempted remains a small scale pilot."
A new report released by PwC today underlines the challenge faced if the ambitions of universal energy access, improved energy efficiency and increased renewables are to be met. The Shape of Power To Come examined 43 countries' power industry executives' views on the current and future energy markets globally.
It found that even with new generation capacity plans, concerns about affordability and the pace of infrastructure investment in power markets globally are translating into unease about security of energy supply. The industry expects a major ramping up of non-hydro renewables to meet 2030 power demands. There is also widespread expectation that the number of customers in fuel poverty will increase significantly over the next 20 years, with South America, and Africa amongst the top three territories.
1. PwC leads the Climate and Knowledge Development Network (www.cdkn.org), an alliance of six private and non - governmental organisation operations across four continents to support development that is low carbon, and meets the predicted climate change impacts. Read about their research and projects on low carbon energy, including renewables in Africa, Asia and Latin America. http://cdkn.org/themes/low-carbon-energy-2/?loclang=en_gb
2. Sustainable Energy for All
Sustainable Energy for All is led by UN Secretary General Ban Ki-Moon and will be a priority issue at the Rio+20 conference to reduce poverty, and ensure environmental protection in June.
PwC firms provide industry-focused assurance, tax and advisory services to enhance value for their clients. More than 161,000 people in 154 countries in firms across the PwC network share their thinking, experience and solutions to develop fresh perspectives and practical advice. See pwc.com for more information.
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