Hi, everyone,
Nobody seems to want to readily admit this but let’s get controversial, shall we? Rural electrification needs subsidy. But is that really a problem?
While economies fear a recession, we can’t help but wonder standing at the brink of a worldwide economic collapse whether the crevasse we’re about to fall into is steeper than all of that hard-earned progress of ours since all these years? The UN University assessed that the economic fallout could push an estimated half a billion people into poverty and take the global development progress in emerging countries back by three decades.
Taught as kids, we know necessity is the mother of all inventions, and it’s unequivocally proven every time with economies facing crises. The 2008 global recession had helped advance tech companies like Airbnb, and maybe COVID-19 would help us- the “Airbnb of the energy sector” - come out even stronger? Who knows? Do we? No, but what we know is off-grid solutions have been here for a while now, and while there is an increasing number of people buying into it every day, there is still reluctance when it comes to impact-investing in the off-grid sector. Ironically, it may be due to the kind of radical transformation the private-sector-led off-grid electrification has presented itself with- cheaper solar, storage and appliances, combined with increased connectivity and mobile money- who wouldn’t think this transformation alone isn’t enough to eliminate the need for subsidies to achieve rural electrification?
In reality, you know why they say good things don’t last? Because they don’t get subsidy.
We fear with a pause in rural electrification, it may also subsequently risk challenging the state of other vulnerable communities. This is why with the onset of a pandemic, we must hang in. It is now, more than ever, that we must come together and support each other so that we may fall and survive, but not collapse. At SOLshare our role is now increasing and we are putting in every effort to complement the government to provide the most sustainable energy (access) services possible
This makes us wonder: Should have helping out during the coronavirus crisis been a response or an in-built reflex by now? We leave that for you to find out, while we make sure we're doing our part.
Best,
Karishma Fatiha
(You can call me Kash)
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