Global S&T Development Trend Analysis Platform of Resources and Environment
Research shows world at a tipping point to meet global energy goals by 2030 without urgent investment | |
admin | |
2019-10-22 | |
发布年 | 2019 |
语种 | 英语 |
国家 | 美国 |
领域 | 气候变化 |
正文(英文) | VIENNA, 22 October 2019: Public and private financial institutions are not responding adequately to meet global energy goals as finance, particularly in Sub-Saharan Africa, remain drastically below levels needed to deliver universal access according to new Energizing Finance research released today by Sustainable Energy for All (SEforALL). The Energizing Finance report series, now in its third year, has tracked finance flows across developing countries in sub-Saharan Africa and Asia with the largest energy access deficits – that together represent nearly 80% of those living without access to electricity and clean cooking. The new data shows urgent, substantial action and investment is needed to meet Sustainable Development Goal (SDG7) by 2030. This year’s findings on electricity show a slightly positive trend with USD 36 billion committed – up from USD 30 billion tracked in the last report. However, only USD 12.6 billion of total tracked finance commitments for electrification benefits residential customers, representing just one quarter of the estimated annual investment of USD 51 billon required to meet universal access. The story for clean cooking remains much bleaker. An annual investment of USD 4.4 billion is required to close access gaps, yet only USD 32 million in finance commitments for clean cooking solutions were tracked – representing less than 1% of the estimated finance required for universal clean cooking access by 2030. This lack of progress is now an environmental and public health issue and an escalating challenge for the world to meet if it’s to deliver the promise of universal access. In the midst of a global climate emergency, the report also highlights ongoing reliance of investment into fossil fuels as a way to support energy access. Finance commitments for grid-connected fossil fuel fired power plants, specifically coal, decreased from USD 8.1 billion tracked in last year’s report to USD 6.6 billion. Four coal plants were financed in the period tracked, located in Bangladesh and the Philippines with a total USD 5.6bn in new investment. Yet Energizing Finance strongly reinforces that coal will not reach vulnerable, remote populations and continued financing of new, non-renewable power is incompatible with the Paris Agreement, meeting the SDGs or responsible investing. António Mexia, Chairman of the SEforALL Administrative Board and CEO of Energias de Portugal (EDP), said: “Yet again we’re seeing that overall investments are falling far short of what is needed to meet global energy goals. While some positive trends are emerging, we need much greater investment in centralized and decentralized renewable energy solutions, as well as urgently address the need for a big market solution to clean cooking access. If we’re to meet our promise of leaving no one behind, we simply must address finance flows to ensure access to sustainable, affordable, reliable energy for all. This research shows us where we must focus our efforts.” Further key findings from this year’s research include:
Dr. Barbara Buchner, Executive Director of Climate Finance at Climate Policy Initiative, which developed Understanding the Landscape report in partnership with SEforALL, said: “The numbers are showing a consistent message year after year: finance for electricity access and clean cooking are failing those most in need. In Sub-Saharan Africa, there continues to be severe underinvestment in the energy sector, and vulnerable groups— particularly women and displaced people— are disproportionately impacted by the lack of energy access. Without substantial effort from governments and investors to increase financing, the situation will remain unchanged and many will continue to suffer the consequences.” As the world enters the final decade of the SDGs with a major void in finance and political urgency, the stark findings in this report and the lack of progress towards aching SDG7 underscores the need for targeted action. To address this, specific Energizing Finance recommendations include:
The Energizing Finance report series examines supply and demand for finance across electricity and clean cooking. Two reports were released this year, including Taking the Pulse, which looks at projected financing needs for universal energy access by 2030 in three focuses countries, Madagascar, the Philippines, and Uganda, as well as Understanding the Landscape which presents a more overall view on SDG7 finance by tracking flows into the 20 largest energy access deficit countries. Dan Murphy, Managing Director of Catalyst Off-Grid Advisors, said: “This edition of Taking the Pulse reveals the sheer volume and type of capital needs of energy access enterprises to deliver off-grid and clean cooking solutions to achieve universal access. Yet this research shows the major disconnect between commitments and needs to deliver energy access – a significant bridge for policy and finance decision-makers to cross.” Energizing Finance: Understanding the Landscape 2019 was developed in partnership with Climate Policy Initiative. Energizing Finance: Taking the Pulse 2019 was developed in partnership with Catalyst Off Grid Advisors and E3 Analytics. |
URL | 查看原文 |
来源平台 | Climate Policy Initiative |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/218446 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Research shows world at a tipping point to meet global energy goals by 2030 without urgent investment. 2019. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论