THE WHY – our Business Story
If carbon emissions continue to rise, we will pass the threshold beyond which global warming becomes irreversible. That threshold is estimated as a temperature rise of 2C above pre-industrial levels, and on current emissions trajectories we are heading for a rise of about 5C. That sounds not much, but the temperature difference between today’s world and the last ice age was about 5C.
UN Climate Change Conference
Modern energy services are crucial to human well-being and to a
country’s economic development; and yet globally 1.2 billion people are without
access to electricity and more than 2.7 billion people are without clean cooking facilities. More than 95% of these people
are either in sub-Saharan African or developing Asia, and around 80% are in rural areas.
International Energy Agency
With an estimated population of 7.2 billion people, the world we live in today is encumbered with lots of challenges. One eminent problem faced by people all over the world is that of poverty and the growing gap between the rich and the poor. There is no disputing the fact that there is a nexus between population growth and an increase in Poverty. Similarly, there is also a direct link between economic poverty and energy poverty which is the lack of access to modern energy services. Fortunately, Renewable Energy (RE) can serve as a panacea for poverty if strategies on how it can be used to tackle poverty are well mapped out and implemented by stakeholders.
Renewable Energy can be used to eradicate poverty in two ways. The first way is directly while the second is indirectly. In the first instance, RE can be used to create jobs for the unemployed, and under employed citizens especially youths and women. There is no disputing the fact that Renewable Energy can be used in achieving poverty reduction and sustainable development efforts. It can serve as a tool for social, economic, and environmental development by providing access to water, agricultural productivity, health, population levels, education, and gender-related issues. In conclusion, the cyclical relationships between poverty and energy poverty can be tackled by simply adopting Renewable Energy Technologies which are available and affordable.
THE HOW – our Business Model
PeoplesHome has sophisticated planning instruments for finance and social impact measurements on the basis of cost-profit optimized renewable energy applications plus infrastructure enhancement for developing countries. PeoplesHome can accelerate a rapid major break through regarding “access to energy” and “climate protection”.