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The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure. Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.
In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.
Created an Opportunity in Energy, Waste Management, Water and Sanitation
Created an Opportunity in Sustainable Finance, Energy
Created an Event in Energy, Climate Change
Created an Event in Energy, Gender
Created a Post in Energy
Op-Ed: Treat fossil fuels like nukes. Endorse a new nonproliferation treaty
The treaty would do just what its name says: Signatory governments would agree to stop further expansion of the fossil fuel industry within their boundaries. A U.N. report released Dec. 2 indicates just how imperative that step is: To limit global warming to 1.5 degrees Celsius, the goal set in the 2015 Paris climate change agreement, global emissions would have to drop 6% a year between now and 2030; alarmingly, nations instead project an average annual increase of 2% a year.
Created an Opportunity in Energy
Created an Event in Energy
The Reality Is that the Market Has Said “No” to Nuclear and “Yes” to Renewables
"In the journey to manage the decline of fossil fuels, not all low carbon technologies are equal. The reality is that nuclear is far less benign, far more expensive, and far more carbon-intensive than other renewable options. Nuclear will struggle to compete with the technological, economic, and security advantages of the coming renewable evolution. In bidding goodbye to fossil fuels, we should also say goodbye to nuclear. And given the ramping costs and risks that cling to this, essentially late 20th-century technology, it is not before time".
Created a Post in Energy, Industry and Entrepreneurship
Fashion brands are pressing Vietnam to move ahead with a renewable energy purchase program as companies come under increasing pressure to meet their sustainability goals
AfDB has approved a $7 million grant from the Sustainable Energy Fund for Africa (SEFA), for technical assistance in setting up a mini-grid acceleration initiative to meet the needs of the continent’s fast-evolving renewable mini-grid industry