{"id":34600,"date":"2021-09-21T13:17:17","date_gmt":"2021-09-21T13:17:17","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=79155"},"modified":"2021-09-21T13:17:17","modified_gmt":"2021-09-21T13:17:17","slug":"new-research-ending-energy-poverty-by-2030-can-create-500-million-new-jobs-in-africa-and-asia","status":"publish","type":"post","link":"https:\/\/southafricavoice.com\/new-research-ending-energy-poverty-by-2030-can-create-500-million-new-jobs-in-africa-and-asia\/","title":{"rendered":"New Research: Ending Energy Poverty by 2030 Can Create 500 Million New Jobs in Africa and Asia"},"content":{"rendered":"
<\/b>The Rockefeller Foundation study finds that investing in distributed renewable energy systems creates 30 times more jobs\u00a0<\/i>and saves 4 billion tons of greenhouse gas emissions compared to fossil fuel alternatives<\/i><\/p>\n<\/div>\n NEW YORK, Sept. 21, 2021 \/PRNewswire\/ —\u00a0New research by The Rockefeller Foundation finds that investing in distributed renewable energy systems could end energy poverty and create\u00a025 million direct jobs in the power sector in Africa and Asia by 2030, while saving 4 billion tons of greenhouse gas emissions. \u00a0By comparison,\u00a0<\/i>investing in fossil fuels over the same period creates less than half a million direct jobs, the great majority of which would be temporary. The report,\u00a0Transforming A Billion Lives: The job creation potential from a green power transition in the energy poor world<\/a><\/i><\/b>, calculates that this could be achieved with an annual investment of USD130 billion in distributed renewable energy systems. In addition to these direct jobs in the power sector, this new clean power would also\u00a0create nearly 500 million new jobs in agriculture, health care, education, and small and medium-sized enterprises and set in motion a green transition across energy-poor countries over the next decade.<\/p>\n “The world is at a crossroads. \u00a0Fortunately, technological advances have given humanity the tools for transformative change, so for the first time in history, we can address the climate crisis while empowering people with the jobs and electricity they need to care for their families, pursue opportunities, and thrive,” said\u00a0Dr. Rajiv J. Shah, President of The Rockefeller Foundation<\/b>. \u00a0“We must now find the courage, and the resources, to come together and change how the world works and how people live.\u00a0 Nothing less will do.”<\/p>\n Currently, there are 3.6 billion energy poor people \u2013 nearly half the world’s population \u2013 who either don’t have access to electricity, or have access to unreliable power, or are underserved, and the vast majority live in Africa in Asia. \u00a0At the same time, significant breakthroughs in technology over the last decade have made renewables the cheapest option for new power in more than two-thirds of the world.<\/p>\n Transforming A Billion Lives: The job creation potential from a green power transition in the energy poor world\u00a0<\/i>explores a “what if” scenario \u2013 looking at what it would take to significantly scale up access to distributed renewable energy (DRE) systems to end energy poverty and set in motion a green power transition across the energy poor world. \u00a0This new research, which was conducted by Catalyst Off-Grid Advisors and reviewed by IKEA Foundation, International Renewable Energy Agency, International Solar Alliance, and Sustainable Energy for All, underlines how the economic and investment case has flipped in favor of renewable technologies.<\/p>\n Transformative Impact “Over the past decade, distributed and renewable energy technologies have been rapidly replacing fossil fuels as the most cost-effective building blocks for powering economic development,” said\u00a0Per Heggenes, CEO of IKEA Foundation<\/b>. \u00a0“DREs in particular have become a faster, nimbler, and more cost-effective solution for driving inclusive growth and reaching under-served populations. \u00a0As the report highlights, they also have the potential to be at the heart of a global energy transition, which is urgently required.”<\/p>\n Earlier this year, The Rockefeller Foundation and IKEA Foundation\u00a0announced<\/a>\u00a0a partnership to lay the groundwork for a global energy alliance to combat the climate crisis and energy poverty. \u00a0Committing $500 million each, this billion-dollar collaboration marks the largest philanthropic initiative to scale renewable energy for an equitable energy transition and global economic development.<\/p>\n “Access to energy transforms every facet of life, with reliable electricity often the first step toward helping a community lift itself out of poverty,” said\u00a0Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy<\/b>. “Decentralized Renewable Energy solutions are a particularly powerful engine for economic development creating jobs and opportunities to empower women and girls.”<\/p>\n About The Rockefeller Foundation<\/b><\/p>\n The Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation to enable individuals, families, and communities to flourish. We work to promote the well-being of humanity and make opportunity universal. Our focus is on scaling renewable energy for all, stimulating economic mobility, and ensuring equitable access to healthy and nutritious food. For more information, sign up for our newsletter at\u00a0rockefellerfoundation.org<\/a>\u00a0and follow us on Twitter @RockefellerFdn.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Rockefeller Foundation study finds that investing in distributed renewable energy systems creates 30 times more jobs\u00a0and saves 4 billion tons of greenhouse gas emissions compared to fossil fuel alternatives NEW YORK, Sept. 21, 2021 \/PRNewswire\/ \u2014\u00a0New research by The Rockefeller Foundation finds that investing in distributed renewable energy systems could end energy poverty and [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[165,166],"yoast_head":"\n
\n<\/b>The report combines qualitative case studies with predictive economic modelling to map the job creation potential that would flow from a rapid increase in investment in DRE across all 63 energy poor countries in Asia and Africa. \u00a0This includes scaling up renewable energy mini grid systems to power solar lanterns, ice making factories used by fishing communities, milk chillers and irrigation pumps for farmers, refrigerators and life-saving medical equipment in clinics and hospitals, and more. \u00a0Based on a detailed assessment of 75 “productive uses” (or electricity that is aimed at enhancing income generation opportunities and productivity in key sectors of the economy), the report examines eight economic sectors: agriculture production, animal production and preservation, food and agriculture processing, essential goods and services provision, mobility, heavy industry, large and medium enterprise, and small and micro enterprises. Key findings include:<\/p>\n\n