Kerosene, paraffin, or lamp oil is a combustible hydrocarbon liquid which is derived from petroleum. It is widely used as a fuel in aviation as well as households. Its name derives from Greek: κηρός (keros) meaning "wax", and was registered as a trademark by Canadian geologist and inventor Abraham Gesner in 1854 before evolving into a generic trademark. It is sometimes spelled kerosine in scientific and industrial usage. The term kerosene is common in much of Argentina, Australia, Canada, India, New Zealand, Nigeria, and the United States, while the term paraffin is used in Chile, eastern Africa, South Africa, Norway, and in the United Kingdom. The term lamp oil, or the equivalent in the local languages, is common in the majority of Asia and the Southeastern United States. Liquid paraffin is a more viscous and highly refined product which is used as a laxative. Paraffin wax is a waxy solid extracted from petroleum.
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
Rural electrification is the process of bringing electrical power to rural and remote areas. Rural communities are suffering from colossal market failures as the national grids fall short of their demand for electricity. As of 2017, over 1 billion people worldwide lack household electric power – 14% of the global population. Electrification typically begins in cities and towns and gradually extends to rural areas, however, this process often runs into obstacles in developing nations. Expanding the national grid is expensive and countries consistently lack the capital to grow their current infrastructure. Additionally, amortizing capital costs to reduce the unit cost of each hook-up is harder to do in lightly populated areas. If countries are able to overcome these obstacles and reach nationwide electrification, rural communities will be able to reap considerable amounts of economic and social development.
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities.
Clean fuel may refer to type of fuel used for transport or a type of fuel used for cooking and lighting. With regards to cooking, the Sustainable Development Goal 7 aims to "Ensure access to affordable, reliable, sustainable and modern energy for all." Clean fuel there is defined by the emission rate targets and specific fuel recommendations included in the normative guidance WHO guidelines for indoor air quality. Clean fuel is one component of sustainable energy.
Jeremy Leggett is a British social entrepreneur and writer. He founded and was a board director of Solarcentury from 1997 to 2020, an international solar solutions company, and founded and was chair of SolarAid, a charity funded with 5% of Solarcentury's annual profits that helps solar-lighting entrepreneurs get started in Africa (2006–2020). SolarAid owns a retail brand SunnyMoney that was for a time Africa's top-seller of solar lighting, having sold well over a million solar lights, all profits recycled to the cause of eradicating the kerosene lantern from Africa.
The developing nations of Africa are popular locations for the application of renewable energy technology. Currently, many nations already have small-scale solar, wind, and geothermal devices in operation providing energy to urban and rural populations. These types of energy production are especially useful in remote locations because of the excessive cost of transporting electricity from large-scale power plants. The applications of renewable energy technology has the potential to alleviate many of the problems that face Africans every day, especially if done in a sustainable manner that prioritizes human rights.
A solar tuki is a rechargeable solar lighting system that is being implemented in Nepal to replace kerosene lamps commonly used by villagers. It includes two lamps that have white LED lights powered by an individual solar panel. In 2004, Engineers Anil Chitrakar and Babu Raj Shrestha collaborated with their respective organizations, Environmental Camps for Conservation Awareness and Centre for Renewable Energy, to produce, distribute, and further the development of the solar tuki in Nepal. Their organizations sell the solar tuki systems, including solar panel, for $28 U.S. dollars, and the individual lamp is sold for $11.
Renewable energy in developing countries is an increasingly used alternative to fossil fuel energy, as these countries scale up their energy supplies and address energy poverty. Renewable energy technology was once seen as unaffordable for developing countries. However, since 2015, investment in non-hydro renewable energy has been higher in developing countries than in developed countries, and comprised 54% of global renewable energy investment in 2019. The International Energy Agency forecasts that renewable energy will provide the majority of energy supply growth through 2030 in Africa and Central and South America, and 42% of supply growth in China.
A solar lamp, also known as a solar light or solar lantern, is a lighting system composed of an LED lamp, solar panels, battery, charge controller and there may also be an inverter. The lamp operates on electricity from batteries, charged through the use of solar panel
Nusantara Development Initiatives (NDI) is a nonprofit social enterprise that focuses on women, technology, and social impact. Its flagship program, Program Rumah Terang Nusantara, aims to end energy poverty and create growth in Indonesian villages by training rural women to become solar lamp entrepreneurs.
Husk Power Systems, founded in 2008, is a company based in Fort Collins, Colorado, US, that provides clean energy services to off-grid or weak grid rural communities in East Africa, West Africa and South Asia, primarily by building renewable energy mini-grids/micro-grids. Its original technology generated electricity using a biomass gasifier that created fuel from rice husks, a waste product of rice hullers that separate the husks as chaff from the rice, a staple food in both Asia and Africa. In the mid-2010s, with the rapid decline in the price of solar PV and batteries, Husk pivoted its business model to focus more on solar-plus-storage mini-grids, while continuing to use biomass in combination with solar to serve communities with larger electricity demand. In 2021, Husk Power was recognized in the REN21 Renewables Global Status Report as the first mini-grid company to achieve significant scale, by surpassing 100 solar hybrid community mini-grids, and 5,000 small business customers. In 2022, Husk signed an Energy Compact with the United Nations, in which it set a target of building 5,000 mini-grids and connecting at least 1 million customers by 2030.
Energy in Common (EIC) was a not-for-profit organization issuing microloans specifically and only for renewable energy technologies. EIC was founded by Hugh Whalan and Scott Tudman in 2009. It has the very ambitious goal of delivering renewable energy to 15 million people in the next five years, while fighting poverty by empowering developing world entrepreneurs through microloans. EIC represents one of the most promising contenders in the growing green microfinance sector. As of 2012, it has ceased operations due to a lack of funds after their overseas partners defaulted on their loan obligations.
Merrill, previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets. The company also operates Merrill Edge, an electronic trading platform.
Energy use and development in Africa varies widely across the continent, with some African countries exporting energy to neighbors or the global market, while others lack even basic infrastructures or systems to acquire energy. The World Bank has declared 32 of the 48 nations on the continent to be in an energy crisis. Energy development has not kept pace with rising demand in developing regions, placing a large strain on the continent's existing resources over the first decade of the new century. From 2001 to 2005, GDP for over half of the countries in Sub Saharan Africa rose by over 4.5% annually, while generation capacity grew at a rate of 1.2%.
The LuminAID is a solar-rechargeable light that packs flat and inflates to diffuse light like a lantern. LuminAID technology was invented in 2010 by Anna Stork and Andrea Sreshta.
Rema is a village in the Amhara Region of Ethiopia, 220 km North of Addis Ababa.
M-Kopa is an African connected asset financing platform that provides underbanked customers in Africa to essential products including solar lighting, televisions, fridges, smartphones & financial services. M-Kopa was launched commercially in 2012 and is headquartered in Nairobi. The company is currently operating in Kenya, Nigeria and Uganda.
Energy Efficiency Services Limited (EESL) is the organisation responsible for implementation of Domestic Efficient Lighting Programme (DELP) or the UJALA scheme, as it is now being referred to.
Ann Kihengu is a Tanzanian entrepreneur, distributor, and winner of the 2010 Africa Laureate of the Cartier Women's Initiative Awards for her work to replace the use of kerosene lamps by distributing solar lamps and solar phone chargers in Tanzania via a network of young entrepreneurs. Kihengu is also a member of the World Entrepreneurship Forum Think Tank.
