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Energy poverty seen as history at IEA for $48 bln a year

Posted on 11 October 2011

The world’s entire population can have electricity and cleaner stoves by 2030 if $48 billion is invested each year, the International Energy Agency said in its first estimate of the cost to end energy poverty.
The sum is about the same as the combined annual capital spend of Europe’s two biggest oil companies, Royal Dutch Shell Plc and BP Plc, and five times the $9.1 billion that was invested in 2009 to boost energy access in developing nations……………………………………….Full Article: Source


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