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IEA Says $36 Billion Per Year To Eradicate Energy Poverty

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  • 1.2 bln people without power access by 2030, 1.4 bln now
  • Universal access to energy would boost oil demand 1 pct
  • Number of people relying on biomass stoves to grow by 2030

By Muriel Boselli PARIS, Sept 21 (Reuters) - It would cost $36 billion per year to enable the world's 1 billion energy-starved people to access energy supplies at home by 2030, the International Energy Agency (IEA) said on Tuesday.

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The Neglected Development Goal

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There is still one subject in international development that goes unmentioned. It is an issue that touches on the lives and health of millions of individuals, and one which world leaders have promised to address.

Sanitation is one of the last remaining taboos, but today a staggering 2.6 billion people have no access to a safe, hygienic toilet.

This week heads of state will meet at the UN for an historic meeting, where they will discuss and plan how to keep their promises set out ten years ago in the Millennium Development Goals (MDGs).

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To meet UN Millennium Development Goals, fight energy poverty, report says

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The chief economist for the International Energy Agency says the international community must mobilize to target the 1.4 billion people worldwide without electricity, and to meet the UN Millennium Development Goals.

Austria's President Heinz Fischer speaks during the Millennium Development Goals Summit at the UN headquarters in New York on Sept. 21.

Mike Segar/Reuters

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