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Investing in Energy Access as a Critical Climate Solution

Organized with Rockefeller Philanthropy Advisors, and The Shine Campaign

More than a billion people – nearly one sixth of the world’s population – live without access to electricity. 3.04 billion people still rely on kerosene, wood, crop waste, dung, and other biomass to cook and heat their homes. As the global community works to expand access to energy for those who lack this basic human right, it is imperative to ensure that this happens through clean energy solutions.

While advances in technology and the plummeting prices of renewables have made clean and reliable energy both affordable and possible for those without access in the past, we have to close the investment gap in order to scale deployment. Each year, the energy sector receives two trillion dollars in investments. Energy access investments – those that prioritize the 1.1 billion living without basic energy – make up less than 1% of this total, only $13 billion per year. It is estimated that an annual $50 billion in energy access investments could end energy poverty by 2030, leaving an investment gap of $37 billion. Mission-driven institutions can help by investing in energy access to meet the 2030 goal.

Join us to explore how philanthropies and their investment partners are filling the energy access investment gap, and to learn how you can mobilize your resources for maximum climate and social impact in this space. The session will illuminate how different types of capital can and must be deployed for different needs and stakeholders in the access to energy sector. Participants will explore the capital stacks needed to scale solutions and address the marketplace in this area.

Speakers

  • Ellen Dorsey, Executive Director, Wallace Global Fund

  • Heather Grady, Vice President, Rockefeller Philanthropy Advisors

  • Danny Kennedy, Managing Director, California Clean Energy Fund; Confluence Philanthropy Board Member

  • Neha Misra, Co-Founder and Chief Collaboration Officer, Solar Sister

  • Mali Ole Kaunga, Director, IMPACT

 

09.12

date & time

09/12/18 2:30pm — 4:00pm

location

Google Community Space

add to my calendar >
09.12

date & time

09/12/18 2:30pm — 4:00pm

location

Google Community Space

Organized with Rockefeller Philanthropy Advisors, and The Shine Campaign

More than a billion people – nearly one sixth of the world’s population – live without access to electricity. 3.04 billion people still rely on kerosene, wood, crop waste, dung, and other biomass to cook and heat their homes. As the global community works to expand access to energy for those who lack this basic human right, it is imperative to ensure that this happens through clean energy solutions.

While advances in technology and the plummeting prices of renewables have made clean and reliable energy both affordable and possible for those without access in the past, we have to close the investment gap in order to scale deployment. Each year, the energy sector receives two trillion dollars in investments. Energy access investments – those that prioritize the 1.1 billion living without basic energy – make up less than 1% of this total, only $13 billion per year. It is estimated that an annual $50 billion in energy access investments could end energy poverty by 2030, leaving an investment gap of $37 billion. Mission-driven institutions can help by investing in energy access to meet the 2030 goal.

Join us to explore how philanthropies and their investment partners are filling the energy access investment gap, and to learn how you can mobilize your resources for maximum climate and social impact in this space. The session will illuminate how different types of capital can and must be deployed for different needs and stakeholders in the access to energy sector. Participants will explore the capital stacks needed to scale solutions and address the marketplace in this area.

Speakers

  • Ellen Dorsey, Executive Director, Wallace Global Fund

  • Heather Grady, Vice President, Rockefeller Philanthropy Advisors

  • Danny Kennedy, Managing Director, California Clean Energy Fund; Confluence Philanthropy Board Member

  • Neha Misra, Co-Founder and Chief Collaboration Officer, Solar Sister

  • Mali Ole Kaunga, Director, IMPACT

 

add to my calendar >