We are running out of time to meet the Paris Agreement and achieve the United Nations Sustainable Development Goal (SDG) 7 on sustainable energy – “ensure access to affordable, reliable, sustainable and modern energy for all”.
We therefore need to speed up, but how quickly can we deliver change? And at what cost? The longer we wait, the higher the environmental, economic and social cost. But the solutions that will enable the sustainable energy transition are ready. Now, it all comes down to scale and speed of the action. Here are three concrete ways to accelerate the energy transition.
1. The energy-efficient opportunity
Energy efficiency is the most cost-efficient solution, both short-term and mid-term. It is the one energy source every country possesses in abundance and, as such, a universal means to decouple economic growth from energy demand.