In the coming years most of the additional demand for new electricity will come from low and middle-income countries, which means that we today have the opportunity to ensure that much of their new power supply will be provided by low-carbon sources, if we can find the investor appetite and the political will to furnish those countries with renewable power facilities.
Importantly, falling energy prices also mean that people’s real income rises. Therefore investments to scale up energy production with cheap electric power from renewable sources are not only an opportunity to reduce emissions, but also to achieve more economic growth — particularly in the poorest places in the world.