December 03, 2013
Todd Moss of the Center for Global Development has proposed lifting OPIC's emissions cap slightly for the poorest, least-emitting countries in Africa. "More than half the people in low-income neighborhoods in Nairobi and Dakar have no access to electricity," he told me earlier this year. "For reaching urban centers and powering industrial zones, you'll likely need traditional large-scale power plants. And current U.S. rules are keeping businesses out of that area."
That said, Moss adds that OPIC's heavy focus on clean energy is appropriate in many cases: "In some places, when people are far from the power grid and it makes more sense to invest in off-grid renewables, absolutely." (The International Energy Agency, for instance, has found that renewable power could be the most cost-effective option for expanding energy access in about 70 percent of rural areas in developing countries.)