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The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits by C. K. Prahalad

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Chapter . Energy for Everyone

It is possible to combine clean and distributed energy development (a significant component of sustainable development) and provide access to electricity for the poor. The success of E+Co’s investments in Tecnosol, in Nicaragua, with the local entrepreneur as the driving force in the market, demonstrate that locally based nongrid energy systems can work.

Globally, approximately 1.8 billion people lack access to electricity, and 2.4 billion people use wood fuels for cooking. The poor spend roughly $20 billion per year for ad-hoc solutions, such as kerosene lamps, candles, charcoal, firewood, dung fires, and batteries, just to meet basic energy needs.[1] Lack of modern forms of energy, particularly electricity, keeps ...

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