$1trn a year needed to meet SE4All’s ambitious electricity access targets

The second Sustainable Energy for All forum (SE4All) in New York on 18-21 May heard that rapid global population growth threatens to outstrip increases in energy access and will require much more investment if ambitious plans to provide clean, affordable and reliable energy to all by 2030 are to be met. A reassessment by SE4All has determined that $1-2trn/yr is needed to meet the initiative’s 2030 access targets, up from an original estimate of $400bn/yr, according to World Bank Global Practice on Energy and Extractive Industries senior director Anita Marangoly George.