One billion people have no access to modern electricity. Three billion still rely on wood, coal or animal waste for cooking and heating.
Energy accounts for 60 per cent of all greenhouse gas emissions. Harmful emissions and deforestation are both major contributors to climate change.
Access to clean energy is crucial to addressing these challenges. It can encourage economic growth, reduce poverty and improve lives.
This is why Oikocredit invests in renewable energy.
It’s also why Oikocredit supports Sustainable Development Goal 7: ensure access to affordable, reliable, sustainable and modern energy for all.
To this end Oikocredit focuses its renewable energy investments on three segments:
- Off-grid solar
- On-grid projects aiming at Social Development Goal 7
- Clean cooking
We invest in small and medium-sized renewable energy projects. We choose the projects for their social impact and the benefit Oikocredit can bring.
To track our contribution to clean energy access, we measure how our investments avoid CO2 emissions and provide households with improved access to energy.
Learn more about our investments by browsing our renewable energy portfolio.
Interested in funding for renewable energy? Use our contact form to get in touch.
Want to support our work in renewable energy? Read more about investing in Oikocredit.
United Nations: https://www.un.org/sustainabledevelopment/energy/