7. AFFORDABLE AND CLEAN ENERGY

7. AFFORDABLE AND CLEAN ENERGY

Nothing improves human productivity more than access to energy. A person who only has access to his own muscle energy can just barely subsist, whereas a person who has access to electricity can employ washing machines, cell phones, refrigerators, and a multitude of other productivity enhancing items. Energy consumption is almost perfectly correlated with economic development over time, so it is important for Bolivia to keep increasing its capacity to produce energy and to secure that all Bolivians have access to that energy.

Electricity coverage in Bolivia has increased substantially over the last decades, increasing from 67% of the population in 1990 to 91% of the population in 2012, implying that the coverage rate in Bolivia is now higher than the regional average, despite Bolivia being one of the poorest countries in the region. Reaching the last 9% of the population with clean energy sources (mainly hydro, solar, and geothermal), and thus helping them pull themselves out of extreme poverty is a high priority for Bolivia, and entirely possible with a concerted effort.