Energy Transition: Everything you need to know and live coverage from #SpecialMeeting24
The World Economic Forum’s Building Trust through an Equitable and Inclusive Energy Transition report highlighted that it’s essential to prioritize equity, justice and inclusivity to unlock the full potential of a successful energy transition.
While there’s an urgent need to speed up progress, we must not lose sight of ensuring that everyone on the planet has just, affordable, and equitable access to energy to support sustained economic development.
While the environmental case for the energy transition is apparent, more efforts are needed to shore up the business case. This means strengthened business financial viability, increased investment in clean energy especially in developing and emerging markets, and robust energy transition supply chains.
Another area of focus is transforming energy demand while also increasing clean energy supply. New clean power, grids and other related infrastructure must be deployed at an unprecedented speed and scale to achieve the goal of tripling renewables by 2030.
Additionally, harnessing the potential of green molecules can propel transformation in the heavy industry and mobility sectors. All of this must happen together with efforts to reduce energy intensity and transform energy demand, especially in industry and the built environment.
Leaders from across the public and private sectors will join the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development to discuss how to ensure an equitable and financially viable energy transition, and urgent actions needed to transform energy demand and increase clean energy supply.
