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The Low Carbon Economy Ltd

22 Sep 2010 11:09:08

IEA: Renewable energy can help world's poorest

IEA: Renewable energy can help world's poorest
Renewable energy sources could help some of the poorest people in the world mitigate the effects of high oil prices, a new report claims.

Published by the International Energy Agency (IEA), the report on the United Nations (UN) Millennium Development Goals (MDG) suggests that sub-Saharan regions should look to solar power as the "most widespread energy resource" in the region.

Nobuo Tanaka, executive director of the IEA, speaking at the UN headquarters in New York, highlighted that a lack of access to "modern energy services" has a severe effect on both social and economic development.

"Small, stand-alone renewable energy technologies can often meet the electricity needs of rural communities more cheaply and have the potential to displace costly diesel-powered generation options," Reuters quotes Mr Tanaka as saying.

The report by the IEA suggested that there must be more government support for renewable energy in Africa and that currently, the framework for the development of such projects is lacking.

Mr Tanaka also noted that the initial financing of renewable energy developments was an issue.

The UN MDG for Environmental Sustainability states that "a decisive response to climate change is urgently needed". ADNFCR-1235-ID-800076287-ADNFCR

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