The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits, Revised and Updated 5th Anniversary Edition

Innovations in Energy: E+Co’s Investment in Tecnosol

Globally, approximately 1.8 billion people lack access to electricity and 2.4 billion people use wood fuels for cooking. The poor are spending 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 (The World Bank, 1999). Lack of modern forms of energy, particularly electricity, prevents people from escaping poverty and becoming more productive, and these substandard substitutes are often more expensive and more damaging to human health and the environment than modern alternatives. For these reasons, electricity access has been a top priority for world governments, multilateral development ...