Raising Global Energy Ambitions: The 1,000 kWh Modern Energy Minimum
Energy is fundamental to modern living and any competitive prosperous economy. SDG7 calls for modern energy for all,…
Meeting the energy needs of emerging economies requires metrics more closely aligned with job creation and economic growth.
Basic household electricity access is the dominant metric for tracking progress against global energy poverty — but actually means very little in terms of what drives opportunity and economic prosperity.
Household access to basic electricity is an important first step. But it’s not the same as the energy needed for job creation and inclusive economic growth. We need new indicators (and better data) that raise ambitions, prioritize policies and investment, and track progress toward building the high-energy systems all modern economies require.
The Energy for Growth Hub shifts the conversation from minimal household access to a focus on cost, reliability, and scale of energy for industry, commerce, and other productive uses. We push for solutions at scale that align with countries’ own development ambitions. The Hub has developed two new metrics to do this: The Modern Energy Minimum as a new threshold goal and the Reliability-Adjusted Cost of Electricity (RACE) to reflect what firms care about.
To defeat energy poverty, we need energy metrics aligned with economic growth.