Microfinance and SDG 7: financial impact channels for mitigating energy poverty. Issue 8 (17th November 2022)

• Record Type: Journal Article
• Authors: Manko, Karli; Watkins, Todd A.
• Is Part Of: Development in practice. Volume 32:Issue 8(2022)
• Page Start: 1036
• Page End: 1048
• Publication Date: 2022-11-17
• Subjects: Labour and livelihoods – poverty reduction -- microfinance -- aid – capacity development -- environment (built and natural) – climate change -- social sector -- civil society partnership -- technology; Technical assistance -- Developing countries -- Periodicals; Economic assistance -- Developing countries -- Periodicals; Developing countries -- Economic conditions -- Periodicals; 338.91091724
• DOI: 10.1080/09614524.2020.1863338
• Languages: English
• ISSNs: 0961-4524

Abstract

ABSTRACT : Energy poverty is a complex challenge, particularly in developing countries. Energy access is a prerequisite for economic development, and its absence perpetuates economic, health, and environmental disparities. The United Nations created SDG 7: "Ensure access to affordable, reliable, sustainable and modern energy, " to guide efforts toward achieving universal energy access. This article assesses the channels through which microfinance impacts SDG 7, identifying three main channels: funding and infrastructure, financial services, and microenterprise development. Each impact channel is supported by case studies of institutions that have utilised microfinance platforms to achieve energy development goals.