20 April 2021. Power for All, The Global Alliance for Climate-Smart Agriculture (GACSA), The Malabo Montpellier Panel, and The Rockefeller Foundation hosted a virtual discussion on the most innovative approaches to unlock the potential of Renewable Energy to transform Food Systems in Africa and Asia.
Renewable energy has the potential to transform food systems in Africa and developing Asia, build a more climate-resilient future for smallholder farmers, and drive economic growth. Not just using solar irrigation, which has already seen significant momentum in the past 5 years, but for agro-processing, cold storage and much more. According to the IFC, however, affordability is the main barrier preventing smallholder farmers from adopting these solutions at scale. Numerous other barriers exist. Unlocking the potential requires business models and systems approaches that can take advantage of digitalization, innovative financing and “servitization”, which democratizes access and aggregates demand.