Energy Transitions Commission’s Post

We’re delighted to see renewables becoming more accessible around the world! Many countries which currently serve as sources of raw materials for new technologies are looking into clean and renewable sources for their own power generation. For just one example highlighting this, check out “Fueling the Energy Transition: Can a Congolese community affordably electrify with renewable resources?”, a case by Calli VanderWilde, Tyler Fitch, and Jose Alfaro. This case examines electrical development projects in the context of a small city (also known as a microgrid) in the Democratic Republic of Congo. Check it out: https://lnkd.in/ebYMBB2A https://lnkd.in/e6BQqKD8

The new @RMI report shows just how fast the Global South is moving on clean energy, with some countries even outpacing the Global North in rolling out renewables. Solar and wind are growing at an impressive 23% each year in these regions, proving that a clean energy future is absolutely possible. But while it’s exciting to see this progress, the report also makes it clear: we need much more ambitious climate finance to make sure the energy transition happens at the pace we need. We have to direct more global capital to low-income countries so they can fully unlock their renewable potential and hit the target of tripling renewables by 2030. Even though my main focus is adaptation finance, this report is a reminder that renewable energy finance is a key part of hitting our climate goals. At COP29, I’ll be pushing for stronger commitments to support both adaptation and clean energy transitions across the Global South. If we don’t scale up the funding, we risk leaving people behind in this critical transition. Read the full RMI report here: https://lnkd.in/dPbB5svr #Mission2025 #COP29

As we approach the halfway mark of COP29, it's important that we acknowledge the rapid advancements in renewable energy across the Global South. With rising energy demands, many regions are harnessing their rich renewable resources instead of relying on imported fossil fuels. Solar and wind generation have increased by 23% annually over the past five years in the Global South, and now supply 9% of total electricity — only five years behind the Global North. Remarkably, the Global South is outpacing the North in this transition, with 1/5 of its regions already surpassing the North in solar and wind energy shares or electrification. By 2030, the Global South could match the North in adding renewable capacity. However, to maintain this momentum, especially in developing countries, strong domestic policies, targeted capital investments, and clean technology transfers are crucial. COP29 presents a significant opportunity to increase international collaboration to accelerate renewable energy deployment in the Global South, driving sustainable economic growth and improving energy access. For more insights into these energy dynamics, read here:  https://lnkd.in/gia8nKar Visual: Powering up the Global South 

Attached our latest RMI report about cleantech in the Global South. The cleantech revolution is already happening, fast, and provides new opportunities that fossil fuels cannot. - The Global South is deploying cleantech faster than the Global North. - 73% are in the sweet spot of change - middle income, fossil importer, low energy demand, huge renewables. - 87% of generation capex is already on clean energy. - They are racing up the S-curve of renewable deployment; solar and wind additions will be up this year by nearly 60% to over 70 GW. - Capex parity and Chinese supply open up the door to change. - So the Global South will not prop up the dying fossil fuel system, but will ride the cleantech revolution to growth and prosperity. By the excellent Vikram Singh, Kingsmill Bond, Sam Butler-Sloss, Daan Walter, Ije Ikoku Okeke,  David Gumbs, Laetitia De Marez, Wini Rizkiningayu, Amory Lovins, Akshima Ghate, Sumant Sinha, Tarun Garg, Jagabanta Ningthoujam, Prabal Muttoo, Ankur Malyan, Dimpy Suneja, Arjun Gupta, Arunabha Ghosh, Meriah Jamieson, Justin Locke, Will Atkinson, and Elizabeth Press https://lnkd.in/eAx35Wng

Global South countries are now - by some measures - adopting clean energy technologies faster than Global North countries. Over the past five years, solar and wind generation in the Global South has grown on average at 23 percent annually. One-fifth of the Global South, from Brazil to Morocco and Namibia, from Bangladesh to Egypt and Vietnam, has already overtaken the Global North in terms of the share of solar and wind in electricity generation, or the share of electricity in final energy. Demand for fossil fuels has peaked already in a third of developing economies, while it’s set to peak in electricity by 2030. Thanks to our friends at RMI for another helpful report, with these encouraging stats. As they are many others are pointing out, this is good progress, but does not mean the pace of the transition can be taken for granted. A massive increase in financial support (which can include risk guarantees, and concessional lending) is still needed to help lower-income countries deploy more clean technologies, getting access to cheaper power and improving their energy security. https://lnkd.in/eiRd6W-z

Being part of the global south family in RMI and the broader energy transition conversation is not without its complexities, but the opportunity to decouple economic growth from intensive carbon emissions is, more than ever, relevant and catalytic. With a growing energy demand, many regions in the Global South are investing in their rich stock of renewable resources instead of relying on imported fossil fuels. Solar and wind generation in the Global South has been growing at 23 per cent a year for the past five years and already supplies 9 per cent of electricity— only five years behind the Global North. Despite starting this transition later, the Global South is moving faster than the Global North. One-fifth of the Global South has already overtaken the Global North regarding solar and wind or electrification shares. By 2030, the Global South could add as much renewable capacity as the Global North. Even with these positive advancements, the necessity remains to go faster and do more to help low-income countries. Strong domestic policy, global capital directed especially to low-income countries, and technology transfer are critical to accelerating the energy transition and boosting economic growth across the Global South. #RenewableEnergy #EnergyTransition #GlobalSouth #EconomicGrowth #Sustainability Read the full report: https://lnkd.in/g9a6CMsx RMI Justin Locke Vikram Singh Ije Ikoku Okeke Suleiman Babamanu David Gumbs Kaitlyn Bunker, Ph.D. Laetitia De Marez Jason Meyer

The renewables revolution in emerging economies is underway as many regions in the Global South are increasingly investing in their abundant renewable energy resources instead of importing fossil fuels. We're now seeing: ☀️ 87% of power investment flowing into clean tech ☀️ Solar and wind growing exponentially ☀️ Demand for fossil fuels has peaked in 1/3 of developing economies This means that developing and emerging economies are currently only five years behind the clean energy transition underway across advanced economies in aggregate. With the lowest fossil fuel reserves per person and highest renewables potential in the world, emerging economies are on a path to gain energy faster, cheaper, and more securely. This is the future we want to see, the future that will benefit us all. But more finance is needed to reach the global goal of tripling renewable energy by 2030. Ahead of COP29 in Baku, Mission 2025 - the global coalition of real economy leaders - is formally asking governments in developed countries to help power up emerging economies at #COP29 by massively scaling finance, particularly in lower-income countries.   Read more: https://lnkd.in/e2sktzwH #Mission2025 | RMI |

🌐Share of Development Finance from Official & Private Donors for Renewable & Non-Renewable Energy Generation Projects, 2013-2022. “Renewable energy is our best bet for quick energy generation that unlocks concrete social and #economic benefits and boosts support for this #technology. But lack of access to #finance and high #capital costs are penalising developing countries and preventing millions of people from achieving social and economic progress. The #COP28 decision is not enough - it must be reflected in our actions. We must refocus our #energy planning to place renewables at the centre. We must be more ambitious, build stronger policies, and ensure an equitable distribution of financial #investments, technology and skill sharing to ensure a rapid #GlobalEnergyTransition that puts #people first.” 💡ren21.net/gsr-2024/ REN21

🌐Share of Development Finance from Official & Private Donors for Renewable & Non-Renewable Energy Generation Projects, 2013-2022. “Renewable energy is our best bet for quick energy generation that unlocks concrete social and #economic benefits and boosts support for this #technology. But lack of access to #finance and high #capital costs are penalising developing countries and preventing millions of people from achieving social and economic progress. The #COP28 decision is not enough - it must be reflected in our actions. We must refocus our #energy planning to place renewables at the centre. We must be more ambitious, build stronger policies, and ensure an equitable distribution of financial #investments, technology and skill sharing to ensure a rapid #GlobalEnergyTransition that puts #people first.” 💡ren21.net/gsr-2024/ REN21

🎙 With the World Future Energy Summit this week, Helen Dodd and Alaa Badawi navigate the factors driving the MENA region's shift towards #sustainability and #ESG practices. Listen here: https://lnkd.in/eTcVwwcq From government policies promoting renewable energy to the private sector's increasing integration of ESG principles, tune in to the latest episode of #InstinctifTalks to uncover the challenges and opportunities shaping the region's sustainable future.   Key insights you won't want to miss:   ➡️ Government initiatives driving clean energy ➡️ How businesses are embracing #ESG ➡️ Overcoming challenges like regulations & data access ➡️ A glimpse into a sustainable and resilient #MENA   For more information on our sustainability practice and how we can assist your organisation, reach out to Helen at helen.dodd@instinctif.com or Alaa at alaa.badawi@instinctif.com.