What does energy have to do with poverty? Or rather, what does energy have to do with growth?
Global energy is projected to exponentially grow by 2035. While the economies of developing countries are continuing to grow, infrastructure has not kept pace at the same rate, especially in China and India. Instead infrastructure, such as electricity, is concentrated in urban areas and cities. Globally more people have access to electricity, yet recent statistics show almost 1.3 billion people still do not.
For investors, this presents a business opportunity.
Notes a Goldman Sachs report, “Power is the life blood of any modern economy. An erratic or inaccessible power supply is often a key constraining factor to the sustainable growth prospects of many early stage emerging economies, given its central role in increasing production.”
Leokadia Rucinski 