The lack of access to modern forms of energy, like electricity, denies billions of people the tools they need to get ahead economically. U.S. leadership on advanced energy technologies is the first step toward promoting their adoption in the developing world. The second step is attracting more private-sector financing for the deployment of modern energy services to the 2billion poor who now lack them. New financing instruments could assist in that process.
Supporting the economic development of developing countries is not only the right thing for the U.S. to do; it is in the best long-term economic and security interests of ournation. In this era of globalization, economic performance around the world affects the performance of the U.S. economy. And because poverty is such a long-term destabilizing force, U.S. national security compels an enlightened approach to international development.
The poorer countries of the world will not advance without access to affordable energy. And if that energy is not clean, it will prove unsustainable for the countries in question and the whole world. Since we share one global climate system, our environmental destiny is bound up in the energy choices made by developing countries. Given these circumstances, it clearly behooves us to promote the availability of abundant, reliable and clean energy the world over.
Click the hyperlink to learn more about the United Nation's Sustainable Energy For All (SEFA) plan to achieve three global goals by 2030: ensuring universal access to modern energy services, doubling the rate of improvement in energy efficiency, and doubling the share of renewable energy in the global energy mix.