According to the International Renewable Energy Agency’s 2024 report, 685 million people still lack access to electricity, marking a troubling increase of 10 million since 2022.
What’s more, around 2.1 billion people, mainly in lower-income countries, do not have access to ways of cooking food cleanly. Put simply, this is a crisis with profound health and social implications, particularly for women and girls.
“Progress towards universal energy access has stalled,” says BP CEO, Murray Auchincloss.
“It is early days, but we hope that by jointly investing, we will be able to contribute to wider efforts to tackle the very real challenge of access to energy. Over time, we believe it can help to create a more inclusive energy future for some of the many millions of people who lack that access today.”