BSR Insight | How Business Can Support Access to Energy
The first report in the World Business Council for Sustainable Development’s (WBCSD) new Access to Energy initiative highlights how business can help expand and transform national energy systems to deliver clean, reliable, and affordable energy to poor countries—a critical development challenge.
According to the report, business can:
- Design new business models that support more affordable and reliable products and services, overcome market barriers or failures, and increase the profitability and scalability of sustainable engagement in low-income energy markets.
- Support policies that prioritize energy access in national development planning, improve the investment climate, and promote primary energy-access solutions.
- Mobilize private capital.
- Partner with governments, financing institutions, development agencies, communities, social entrepreneurs, and NGOs to reduce costs and risks, improve access to resources, and allow companies to contribute through their core competencies.
The report also features several examples of successful programs and innovative partnerships that companies are currently involved in.
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