The Sustainable Development Agenda and the accompanying 17 Goals (SDGs) would represent the greatest increase in human welfare in history.
Ending poverty and hunger, achieving universal access to education, health care, energy, and water; targets that would have seemed inconceivable in recent memory are now within reach. Yet meeting this ambitious agenda will require new paradigms for connecting markets and people that have been historically overlooked. Digital payments are at the core of the most successful new models for reaching last-mile customers, enabling businesses and governments to link under-served households with essential services. Modern energy will likewise play an essential role in this development agenda as it powers growing economies, facilitates connectivity, and improves the quality of peoples’ lives. Sustainable Development Goal #7 is to ensure access to affordable, reliable, sustainable and modern energy for all.
This report examines new business models and government initiatives for energy access that rely upon digital payments. While numerous solutions exist to meet the needs of the more than one billion people who still lack access to clean, affordable, and reliable energy options, one of the key challenges is in how to expand efforts to rural areas, where a lack of traditional grid expansion has denied many households opportunities for advancement. In the following study, we see how, by incorporating digital payments into existing energy services, off-grid innovators, progressive utilities, private investors, and government agencies have all found ways of bringing light to some of the darkest corners of our world.
Please find the report by the Better Than Cash Alliance linked below.
Photo credits: Fenix International