Clean Energy Services For All: financing universal electrification
Sierra Club, June 2014
This report by Stewart Craine, Evan Mills, and Justin Guay shows that prevailing estimates of the investment required to end energy poverty rely on a flawed analysis from the International Energy Agency (IEA) that requires unrealistic investment levels, at inappropriate growth rates, for inefficient energy delivery. The report proposes a new approach founded on a clean energy model of delivery that reflects real world investment opportunities and needs. The report projects a 26 percent compound annual growth rate (CAGR) which will enable the industry to grow to a $12 billion annual market as universal electrification is achieved. The authors find that energy services for appliances, including television, fans, lighting, mobile phone charging, and power appliances like refrigerators, can be provided for approximately $200 billion, which is 69 percent lower than IEA estimates.