The share of fossil fuels in the world’s total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by green energy policy network REN21 showed on Tuesday.

As technology evolves, experts are thinking of new ways of adopting smart technologies that will drive global digital transformation, the International Energy Agency has said.

During the past decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased. Unless efforts are scaled up significantly in countries with the largest deficits, the world will still fall short of ensuring universal access to affordable and modern energy by 2030.

The green-energy revolution offers a chance for Africa to transform its future. The continent is blessed with an abundance of minerals, and one of these is lithium, an essential component in making batteries for use in electric-powered vehicles. Lithium offers African nations an opportunity to develop their economies for the 21st century.

Small and medium scale enterprises in Africa receive about $70bn of credit each year. But the International Finance Corporation estimates that the gap exceeds $300bn.

Small and marginal farmers in the Muzaffarpur district of Bihar are making productive use of solar energy to reduce their losses and increase income, thanks to an innovative pay-per-use cooling service for perishable horticulture produce.

Subsidies artificially reduce the costs of fossil fuel production and use, driving continued fossil fuel dependence at a time when governments should be rapidly transitioning away from fossil fuels toward clean, renewable energies like wind and solar.

As local business owners achieve scale in operations, it results in greater energy demand and increased economic activity in the area. The mentoring by off-grid solar companies helps in modernising and expanding operations by enabling marketing linkages, entrepreneurial skills training.

One of the main challenges in expanding access to electricity in sub-Saharan Africa is poor transmission and distribution infrastructure. Unreliable distribution and poor governance hold back electricity connectivity rates.

The World Bank through a survey on power cost and reliability in Africa also revealed that electricity transmission and distributing firms on the continent are cash strapped and have allowed their assets to fall into disrepair, exacerbating power shortages.

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