November 8, 2018
Podcast: Todd Moss Talks Energy for Growth with CGD
When we think about energy access, we tend to think about making sure everyone can light their homes and charge their mobile phones. But power for lighting and basic appliances is not enough.
The majority of the world’s electricity is used not in homes but in industry—in farms, f
actories, mines, and office buildings. Energy for industry is a critical driver of job creation and economic prosperity.
Last Tuesday, Executive Director Todd Moss joined Holly Shulman at the Center for Global Development to discuss how big the energy gap is, how the solutions so far haven’t been on the right scale, and to explain why the tradeoff between residential and industrial energy isn’t really a tradeoff at all.
Watch and listen to the whole podcast here.
How does energy impact economic growth? An overview of the evidence
By Todd Moss, Jacob Kincer
The positive relationship between energy and economic growth is clear: income and energy consumption are tightly correlated on every continent and across every time period for which data exists.
Why Expensive Electricity Hurts Growth
By Ama Baafra Abeberese
Sustainable Development Goal 7 is to “ensure access to affordable, reliable, sustainable and modern energy for all.” However, due to cross-subsidization schemes, firms in developing countries continue to grapple with unaffordable electricity prices.
AfCFTA and the opportunity for an African interconnected electricity market
By Murefu Barasa
Three waves of electrification in Africa African countries stand no chance of lifting their people out of poverty and achieving a decent standard of living for all without affordable, reliable, and sustainable electricity.
How Can Small and Medium Enterprises Cope with Power Outages?
By Ama Baafra Abeberese
Electricity is a critical input for businesses that rely on productivity-enhancing technologies. As a result, firms, particularly small and medium enterprises (SMEs), incur substantial productivity losses from unreliable electricity supply, which is extremely common in emerging market economies.1 Our study finds that, in Ghana, there is essentially no effective method that SMEs can employ to fully compensate for unreliable power supply in power-reliant businesses – and solving this challenge will likely require broader investment or policy intervention.2 Unreliable electricity supply is a major obstacle for firms More than one in ten firms in Sub-Saharan Africa cite unreliable electricity as the biggest obstacle to their operations (Figure 1).
A power and economic dual crisis: Lebanon’s electricity sector
By Dana Kassem
The electricity sector in Lebanon is notoriously dysfunctional, suffering from supply shortages for decades. Peak demand is 1.5 gigawatts (GW) or 219.78 megawatts (MW) per million inhabitants, higher than generation capacity.1 In comparison, the power deficit in India, where over 1 billion people live, was 1.2 GW in 2019/2020, or 0.9 MW per million inhabitants.2 What’s causing Lebanon’s power and economic crises? High (and inequitable) direct costs.