Kate Steele, CEO of Nithio, highlights the disparity in climate financing between emissions mitigation and climate adaptation/resilience in developing regions.
Opinion
Steele: Restricting fossil fuel development in emerging markets is hypocritical
“But I think if we're continuing to develop those resources in industrialized markets, it's kind of hard to say, like, well, don't do it in these markets that are still emerging.”
Prediction Open · timeframe Dec 2030
Steele: 90% of Unelectrified People Will Live in Africa by 2030
“By 2030, 90% of people who don't have access to electricity will be living in Africa.”
Opinion
Steele: Solar home systems need no new tech breakthroughs to scale
“Honestly, the great thing about this is that there's very little technology development that needs to happen. You know, there's been, And batteries are already kind of where they need to be at. PV is where it needs to be at, the electronics, all of that.”
Insight
Steele: Microgrids combine the challenges of off-grid and centralized grids
“I think they have worked in a number of cases, but in some ways they're this hybrid where they have All of the challenges of an off-grid system and all of the challenges of a grid. And so figuring out the financing model, the operational model, like how you ac…”
Assertion Supported
Steele: About 300 Million Unelectrified People Can Afford Existing Solar Home Systems
“Even of the six hundred million people without access, you know, by our estimates at Nithio, we think about half of those people could afford a financed Solar home system that's available right now.”
Prediction Not checkable as stated
Steele: Electric transit may scale faster in East Africa than the US
“Electric motorbikes and electric public transit, I think is going to happen possibly faster in places like East Africa than in May in the U.S.”