chapter  7
15 Pages

Energy: Energy Governance, Poverty and Sustainable

ByDevelopment

Energy poverty in the midst of plenty is one of the central sustainable development challenges in today’s globalized society. Access to energy services is a prerequisite to achieving the United Nation’s poverty alleviation goal to ‘reduce by half the number of people living under US$1 a day, by 2015’. It is therefore no surprise that energy and its relationship to poverty eradication and sustainable development attained a high profile throughout the World Summit on Sustainable Development (WSSD). This chapter provides an overview of the national and multilateral governance challenges in relation to prioritizing the energy needs of the poor, increasing financing for energy access and the share of renewable energy technologies, and the governance of international financial institutions. The chapter highlights considerations for governments and other stakeholders in support of innovative energy poverty-eradication strategies. The recommendations speak to the actions that need to be considered by national governments, in particular ministries responsible for energy, social development, trade and finance, environment and sustainable development, and the actions that need to be considered by international financial institutions such as multilateral development banks (MDBs) and export credit agencies (ECAs).