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An Asian Development Bank (ADB) green energy project enables greater electrification to rural households in Bhutan and boosts access to green power in neighboring India. Photo from Climate Visuals.

“10x Cheaper”: Building Equitable Energy Systems

Expanding the use of clean energy is a win-win-win. It reduces air pollution, cuts costs, and shrinks carbon emissions while providing vital services to society. However, these benefits aren’t equally distributed . A large portion of the world population still lacks access to electricity, and for a truly just energy transition to occur, new technologies must become affordable and applicable to marginalized communities.



The global transition toward clean energy has reached a point of irreversible momentum. As nations modernize their infrastructure, fossil-free power is claiming a higher share of electricity grids, even in coal-supporting countries like Australia and the United States.
When you look at these headlines, you’d be excused in thinking that clean energy will soon power the whole world. However, that is still far from the truth. Hundreds of millions of people globally still lack access to basic electricity, and over two billion rely on wood, waste, and dung to cook their food, driving health issues in the poorest regions of the world. Progress is alarmingly slow: between 2023 and 2024, only 11 million people gained access to power. At this current trajectory, universal electricity access will remain out of reach until 2092.
This disparity highlights a fundamental challenge: an "unjust energy transition." While some economies experience an unprecedented surge in green tech, entire communities remain in the dark. No matter how efficient a technology becomes, it cannot scale if the structural barriers remain insurmountable. Today, the rapid decarbonization of the global energy system is hindered by three primary obstacles:
  • Protracted Permitting Processes: Regulatory bottlenecks delay project starts by years.
  • Legacy Infrastructure: Power grids designed for centralized fossil fuels cannot handle the decentralized nature of renewables.
  • High Capital Costs: The "green premium" makes initial investments prohibitive in emerging markets.


Bridging the Reliability Gap



Because of this, the clean energy expansion is spearheaded by regions where grids and policies are already “renewable-ready.” To make way for worldwide adoption, implementation costs and construction times must be drastically reduced.
A significant bottleneck lies in the industrial capacity for grid-stabilizing technologies. While variable renewable energy (VRE) sources like wind and solar are now the cheapest forms of generation in history, they require "firm" power to ensure a stable supply. This stability must come from a mix of baseload sources—such as nuclear, hydro, or geothermal—and advanced energy storage solutions like high-capacity batteries or green hydrogen.
These technologies are moving from demonstration to early deployment. To reach the "n-th of a kind" cost reductions seen in solar power, they require substantial policy support and private investment. Advanced nuclear reactors, for instance, offer a promising path forward by providing stable, scalable, and clean power that can be integrated into diverse grid environments.

Cheap energy has the potential to lift people out of energy poverty without worsening air pollution or carbon emissions.

Cheap energy has the potential to lift people out of energy poverty without worsening air pollution or carbon emissions.



The Power of "Leapfrogging"



To understand the necessity of cheap energy, we must look to the global South, where simple, localized solutions are yielding the highest impact. For example, we can look at Grameen Shakti, the social enterprise founded by Dr. Mohammad Yunus in 1995 to provide affordable solar power to homes in Bangladesh.
By providing microloans for solar home systems, this initiative has contributed to the impressive growth in energy access in Bangladesh, with over 1.8 million solar home systems installed by 2020. What’s more, this financial innovation and others like it allow developing nations to “leapfrog”, that is, to surpass the fossil-based technologies that have been developed through decades of industrialization and move directly to the modern, clean, and safe technologies that are being developed today.
Ultimately, the clean energy revolution is only as successful as its reach. To accomplish that, these technologies must be affordable and easy to implement. To truly transition away from fossil fuels, it must be the path of least resistance—economically and logistically. Expanding industrial capacity, streamlining permitting, and modernizing grids are all keys to equitable energy access. From corporate boardrooms to local councils, the mandate is clear: ensure that the energy transition leaves no one in the dark.

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