November 23, Expanding access to adequate, reliable and affordable sources of modern energy is essential if the world’s poorest nations are to escape the poverty trap, says The Least Developed Countries Report 2017: Transformational Energy Access.
“Achieving Sustainable Development Goal 7 is not only a question of satisfying households’ basic energy needs,” UNCTAD Secretary-General Mukhisa Kituyi said in Geneva, ahead of the report’s publication on Tuesday, the United Nations Conference on Trade and Development (UNCTAD) stated in a press release. “That in itself has valuable welfare implications, but we need to go beyond… For electrification to transform LDC economies, modern energy provision needs to spur productivity increases and unlock the production of more goods and services.”
While on average 10 per cent of people in other developing countries lack access to electricity, this remains the case for more than 60 per cent of the population in LDCs. And LDCs as a group have around just 8 per cent the capacity of other developing economies to generate electricity per person, and barely 2 per cent that of wealthier nations.