Energy Poverty in It’s Core: A Challenge and Huge Opportunity for Growth

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(Cade Adams Agbugba). Stuttgart –

Over the past years, interest has grown in the potential for the renewable energy industry to create jobs. Governments are seeking win-win solutions to the dual challenge of high unemployment and climate change.

By 2010, US$ 51 billion had been pledged to renewables in stimulus packages (UNEP, SEFI & BNEF, 2010), and by early 2011 there were 119 countries with some kind of policy target and/or support policy for renewable energy, such as feed-in tariffs, quota obligations, favourable tax treatment and public loans or grants (REN21, 2011), many of which explicitly target job creation as a policy goal. Policy -makers in many countries are now designing renewable energy policies that aim to create new jobs, build industries and benefit particular geographic areas (IPCC, 2011).

I will be writing in the future a lot about the need to use free market principles to address Nigeria/Africa energy poverty, instead of the currently practiced mix of governmental subsides,foreign aids and inactive consumers.

The job and wealth potentials in allowing Nigerian households generate their own energy – using micro-grid system which has cheaper installation cost and superior technological edge to utility grid and generates 10x more jobs is huge and we must use it…

At least, I will shout as laud as I can.

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Author: Cade Adams Agbugba, CEO German Netz´www.german-netz.de

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