Financial inclusion and energy poverty

Maiyra Ahmed and Syed Ali Raza

Chapter 61 in Elgar Encyclopedia of Energy Economics, 2025, pp 229-232 from Edward Elgar Publishing

Abstract: Energy poverty limits access to environmentally friendly and reliable energy sources, which presently remains a significant issue, specifically in developing nations. To address this issue financial inclusion has turned out to be lifesaver as it enables households to afford clean alternatives of energy, which aids in economic development. Hence, issues like low purchasing power hamper the conversion to renewable energy resources. These resources offer a sustainable way out, providing economical and ozone-friendly sources. However, issues like insufficient infrastructure and exorbitant costs hamper adoption on a massive scale. Furthermore, energy poverty is influenced by globalization, which encourages the use of advanced technology yet worsens resources vulnerabilities. Considering the critical nexus among globalization, financial inclusion and energy poverty helps one to understand the significance of attaining the SDGs (Sustainable Development Goals). Research is required to examine the interplay between these elements in order to plan effective strategies for sustainable future.

Keywords: Energy Poverty; Emerging Economies; Eco-Friendly Energy; Globalization; Financial Inclusion; SDGs (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
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