How are businesses contributing to the provision of clean, reliable and affordable energy services?
The World Business Council for Sustainable Development (WBCSD) has released its publication Business solutions to enable energy access for all to coincide with the launch of the International Year of Sustainable Energy for All. Featuring 19 member company case studies, the report explores how public and development finance mechanisms can be specifically designed to leverage additional private investment; how partnerships and cross-sector approaches can accelerate the wide provision of access to energy; and how business model innovation can be nurtured.
Produced by the WBCSD’sAccess to Energy Initiative, which recognises the role that business plays in the expansion and transformation of the energy system, it provides recommendations to scale up business action and investment. The initiative has 21 participating member companies.
Peter Bakker, President, WBCSD, said: “Increasing global demand for energy is governed by two factors: significant and rapid population growth, and the fundamental role energy plays in helping people to escape poverty. The report provides business perspectives for addressing these pressing issues. By releasing it to coincide with the launch of UN’s International Year of Sustainable Energy for All, we are underscoring the key role business has to play in achieving these important ambitions.”
Business solutions to enable energy access for all is targeted at governments, international organisations, financial institutions and companies seeking to enter or expand their engagement in low-income energy markets.
The report will be introduced at the World Future Energy Summit (WFES) in Abu Dhabi.