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JACKSON FINANCIAL ADVISORS

Members of D.A. Davidson & Co.

Population Without Access to Electricity Falls Below Billon

"In a sign of great progress, over 120 million people worldwide gained access to electricity in 2017. This means that for the first time ever, the total number of people without access fell below 1 billion according to new data from World Energy Outlook 2018. 

 

In particular, one of the greatest success stories in access to energy in 2018 was India completing the electrification of all of its villages. Many other Asian countries have also seen significant progress. In Indonesia, the electrification rate is almost at 95%, up from 50% in 2000. In Bangladesh, electricity now reaches 80% of the population, up from 20% in 2000. 

 

Meanwhile in Africa, Kenya’s access rate has increased massively from 8% in 2000 to 73% today, and ... In Ethiopia, electricity now reaches 45% of the population compared with just 5% in 2000."

 

(Commentary: Population without access to electricity falls below 1 billion dated 10/30/2018 by Laura Cozzi, Chief Energy Modeler; Olivia Chen, Young Associate; Hannah Daly, WEO Energy Analyst; and Aaron Koh, WEO Consultant.)

 

Full article can be found here: https://www.iea.org/newsroom/news/2018/october/population-without-access-to-electricity-falls-below-1-billion.html?utm_content=buffer55590&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer