Innovating new models to both generate and provide access to clean energy that will foster economic development.
Cars today can drive 300 miles with no gasoline, yet in rural Asia and Africa children are choking from kerosene lamps, women risk danger walking unlit roads, and families are trapped in poverty all because they don’t have access to electricity. But as we see more families and businesses using solar panels and neighborhood micro-grids, we believe it’s possible to bring electricity to the 1.2 billion people who live without it. Just as we created a market for investments that make impact, not just money, we must create a new market for bringing energy to the developing world – extending a key ladder to opportunity for hundreds of millions living in poverty.
Building off the global momentum to bring sustainable energy to all, The Rockefeller Foundation is working with governments, the private sector, technologists, and other advocates to catalyze an energy transformation by accelerating electrification in environmentally and economically sustainable ways. Through our Smart Power for Rural Development initiative, our aim is to spark long-term economic growth and power opportunities for those left behind in the modern economy— empowering and bringing dignity to the lives of millions.
More than one billion people across the globe are locked out of the modern economy because they lack sufficient access to electricity to power their homes, communities, and businesses. If we provide access to reliable electricity, we can power social and economic development and transform lives.