Obama Pledges $6.5 Billion for Electricity in Africa
According to the International Energy Agency, all developing nations lack adequate access to electricity. This amounts to 1.3 billion people living in the dark worldwide. According to the same source, an investment of $1 trillion USD would be needed to remedy this. Currently, poverty and hunger take center stage. Food is of more use to a starving child than is a night light, but Westerners often take for granted how valuable the power of light can be to a community in poverty.
Not only does electricity make lives easier on a personal level, it helps to mechanize farming operations, which can be a great boost to a company’s agricultural productivity. Natural disasters often become less deadly when people are warned about them ahead of time, which can be accomplished with electric monitoring systems. Socially, populations are less marginalized with improved means of communication and information.
President Barack Obama said during his recent trip to South Africa, “Access to electricity is fundamental to opportunity in this age. It’s the light that children study by, the energy that allows an idea to be transformed into a real business. It’s the lifeline for families to meet their most basic needs, and it’s the connection that’s needed to plug Africa into the grid of the global economy.” President Obama then pledged almost $7 billion USD to help provide electricity for Africa.
The White House stated that The Export-Import Bank will carry most of the financial weight of the program, donating $5 billion, and the U.S. Oversees Private Investment Corporation will provide another $1.5 billion.
The funds will go toward preventing the frequent blackouts that plague the Sub-Saharan part of the continent, as well as helping the 85% percent of people in the region without electricity gain access to it. Kenya, Uganda, Ethiopia, Liberia, Nigeria, Tanzania and Mozambique will be the first countries to benefit from the program as it is developed at preliminary stages.
The investment is a great step toward solving the problem, but in all, Africa alone will need $300 billion to achieve universal electricity by 2030. The Alliance for Rural Electrification, a non-government organization, is another ally in combating this issue. As champions of universal electrification, ARE focuses on renewable energy such as solar, which much of Africa is a strong candidate for. This is especially relevant for areas that are geographically isolated where extending the reach of an existing power grid is not feasible.
– Samantha Mauney
Source: ARE, Scientific American, CNN
Photo: Business Insider