As technological disruption spreads to developing countries, the transformation of their power sectors will be critical in their journey towards achieving SDG 7. New business models and services are emerging in these markets with the promise of cheaper, greener and smarter electricity, often delivered by new private sector entities. The ESMAP Knowledge Exchange Forum brought together 150 participants from governments, the global development community, the private sector and academia to share ideas and exchange knowledge and insights to answer this question: What is the future of energy systems in these dynamic times, and how can developing countries adapt? Ranjit Lamech, Director, World Bank Energy & Extractives shares key messages from the discussions.
The event is hosted by DFID and the Department for Business, Energy and Industrial Strategies. The Honorable Lord Bates, DFID’s Minister of State discusses the crucial role energy plays in development and the challenges associated with delivering services.
