Pipeline ID: INDIGO-PL-0118
ActionAid leads in demonstrating the synergies between access to energy, economic opportunities, gender equality and climate change, serving as a blueprint for others. This project, "Rural Renewable", proposes to develop a new concept by exploring, together with SFNL the feasibility of an impact bond, funding mini off-grid/hybrid-grid solar based renewable energy systems in poor, rural communities in Bangladesh to enhance sustainable livelihoods and facilitate a just, green energy transition.
Electrification is a key step to enhance the standards of living in the global South. It can enhance basic needs, like access to water and education, and bring benefits to a wide range of local enterprises. Electric lighting increases safety and gives people the opportunity to use the dark hours for studies and recreation. In the global South, lack of access to energy is especially an obstacle to women's and girls' well-being and economic opportunities. Women and girls in rural areas spend a large part of their day collecting fuelwood, which translates not only into continuing poverty and inequality, but also into lost opportunities for education and paid labour.
While at the national level, an average 47% of Bangladeshi homes have access to electricity, this is only 15% in rural areas.
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