One of the major opportunities lies in providing energy access for the more than 1.2 billion people who don't have electricity, most of whom, in business-as-usual scenarios, still won't have it in 2030. These are the poorest people on the planet. Ironically, the world's poorest can best afford the most sophisticated lighting — off-grid combinations of solar panels, power electronics, and LED lights. And this creates an opportunity for which the economics are compelling, the moral urgency profound, the development benefits enormous, and the potential leverage game changing.
The cost of coal and copper — the ingredients of conventional grid power — are soaring. Meanwhile, the cost of solar panels and LEDs, the ingredients of distributed renewable power, are racing down even faster.
If we want the poor to benefit from electricity we cannot wait for the grid, and we cannot rely on fossil fuels. The International Energy Agency, historically a grid-centric, establishment voice, admits that half of those without electricity today will never be wired. The government of India estimates that two-thirds of its non-electrified households need distributed power.