Expanding the Role of Microfinance in Promoting Renewable Energy Access in Developing Countries

from NextBillion.org
Date of talk or publication: Winter 2005/2006

Speaker Name / Title: Shamarukh Mohiuddin

Organization: GlobalWorks Foundation

Description: This paper argues that microfinance offers a promising way to expand energy access from renewable energy technologies, spur economic development, while at the same time reducing the impact of energy use. In some countries innovative partnerships have already emerged between microfinance institutions and renewable energy producers. Developing country governments can take specific steps to ensure that such partnerships continue to expand and energy access continues to spread to rural populations.

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