WHY INVEST IN CLEAN AND MODERN COOKING ENERGY SOLUTIONS
For thousands of years and until today, millions of Africans in rural areas have collected wood to cook over open fires. However, due to a combination of deforestation and urbanization, this is no longer viable for an increasing number of people throughout the continent.
Over the next 30 years, Africa’s population will double to 2.5 billion people, and its urban areas will be home to an additional 950 million. This urban transition will bring challenges, but also many opportunities for social, economic, and environmental development.
An increasing number of Africans already face a choice: to purchase dirty, polluting, dangerous, time-consuming, inconvenient fuels like charcoal and kerosene (or wood, which is now often purchased rather than collected for free), or to utilize clean, modern, and convenient cooking solutions. For low-income consumers, however, this choice depends on cost more than any other factor.
With an eye towards the massive Total Addressable Market, next-generation distributed energy companies have developed innovative, technology-enabled solutions which offer cost-competitive, clean, and modern cooking solutions to customers who need them most.
These companies offer a compelling business case based on the scalability of their business models and the large and unsaturated markets they serve, together with an unparalleled social and environmental impact case. Clean and modern cooking solutions can create measurable social and environmental outcomes across at least 11 of the 17 U.N. Sustainable Development Goals (SDGs).
The technologies are proven. The business models are demonstrated on the ground. The market opportunity is vast and growing each year. And the social and environmental impacts are clear.