Univers’ Post

At the COP28 summit at the end of 2023, nearly 200 countries reached a landmark agreement to work together to collectively double the global average annual rate of energy efficiency improvements by 2030. This was the strongest recognition yet by governments of energy efficiency’s central role in clean energy transitions, providing an important focal point for greater national ambition and accelerated action. A year on from this historic agreement, however, this has yet to translate into faster efficiency progress, and a major step up in policy implementation is required. Global energy efficiency progress – measured by the rate of change in primary energy intensity – is set to see only a weak improvement of about 1% in 2024. This is the same rate as in 2023, and around half of the average rate over the 2010-19 period. While energy efficiency progress had accelerated in some countries in response to the global energy crisis, overall improvements in energy intensity have since slowed. Recent years have produced large regional differences in progress, but the disparities have been smaller in 2024: intensity improvements in advanced economies slowed, while progress in many emerging and developing economies held steady or slightly increased. #iea #energyefficiency #energyintensity #energypolicy #sustainability

Despite concerns raised at the #COP28 stocktake summit of the #Paris Agreement, there are positive developments in the #energy transition. Governments are implementing interventions, energy efficiency is improving, and #CO2 emissions are decreasing. #China is stepping up its role in the energy transition, investments are surging, technology costs are dropping, and clean energy is gaining competitive ground. The urgency to mitigate the impacts of #climatechange is now more alarming than ever. In 2023, the hottest year on record saw temperatures soar to 1.48 degrees Celsius above the pre-industrial average. Are you wondering if the global energy transition is off track? Our economists provide insights into the evolving landscape of renewable energy adoption, the role of policy frameworks, and the importance of collective action in our Energy Outlook report. Read the full report via https://lnkd.in/dgwY3s_K

Ministerial Round Table Conference at World Energy Congress discusses managing the evolving energy trilemma of security, access, and sustainability. A Ministerial Round Table Conference took place on 24th April 2024, during the 26th edition of the World Energy Congress in Rotterdam, Netherlands. The conference discussed the impact of the COP28 UN Climate Change Conference in Dubai and focused on energy innovation, collaboration, and managing the evolving energy trilemma trade-offs. Key attendees included the Deputy Prime Minister and Minister for Climate and Energy Policy of the Netherlands, H.E. Rob Jetten, and the Secretary, Ministry of Power, Government of India, Shri Pankaj Agarwal. The Union Power Secretary highlighted India’s pivotal role in COP28 and emphasized its commitment to renewable energy, energy efficiency, sustainable lifestyles, and transitioning towards carbon neutrality. The Secretary also stressed the importance of inclusive approaches, technology deployment, and cooperation in managing energy transitions. #WorldEnergyCongress #COP28 #EnergyInnovation https://lnkd.in/gxyAcHsa #rameshranjan #rameshranjan99 #mastermind19252 #currentaffairs #upsc #pcs #EnergyTransition #RenewableEnergy #EnergyEfficiency #CarbonNeutrality #InternationalCollaboration #EnergyTrilemma

🌎 Seven months after COP28 concluded with agreements to transition away from #fossilfuels, triple #renewableenergy use, and increase #energyefficiency, the world is facing rising emissions. Join our next #webcast for a discussion on what role market mechanisms and innovation play in driving the #energytransition in the US and achieving #netzeroemissions by 2050. Register now: https://lnkd.in/eKVFW-uA

Even if all #COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to #IRENA’s World Energy Transitions Outlook 2024.

In the context of COP26, a total of 64 countries have pledged or legislated achieving net zero in the coming decades. The race to net zero is accelerating, and with it, the momentum to curb emissions. Our Global Energy Perspective 2022 outlines five potential energy scenarios that could emerge in the years ahead—and highlights the ways the energy transition could impact business leaders, investors, and policymakers across the globe: https://lnkd.in/d4udvYga #energy #netzero #energytransition #GEP2022

Kingsmill Bond and the team at RMI just dropped the most important update on the Energy Transition this year - see below for the takeaways 👇 The ~85+ page presentation shared the state of Clean Energy as it stands today The overarching takeaway? Reaching the Paris Treaty goals are achievable because we are at the pivot point in the 300-year history of fossil fuel use This is because Clean Energy growth is following S-Curves - this means that growth is not linear, but exponential We have seen this before with technology - the car, the radio, the color TV, the cellphone and the internet In fact, clean tech adoption resembles the growth of the internet, however this time, with growth rates of solar, wind and electrification, any country can be a world leader Vietnam, Malaysia and Bangladesh are outstripping the United States in final energy supply from electricity. Namibia and Yemen are leading on total percentage of solar generation What does this mean for the COP28 Tripling Renewables, doubling efficiency targets we heard in Dubai? With S-curves, the targets are feasible, and Paris is still possible What about fossil fuels? Well, with Clean Energy being 3 times more efficient that fossil technologies, and fossil fuels attracting $2 trillion in annual fossil fuel rents, and $1.3 Trillion in annual explicit subsidies and 5-6 million air pollution deaths… OECD fossil fuel demand peaked a generation ago And we’re reaching a fossil fuel peak in China, and when China peaks, the world peaks And counter to what is told about the Global South, Fossil Fuel generation across regions like Thailand, South Africa, Latin America and India have reached their peak too How optimistic are you about the energy transition? Let me know your thoughts in the comments. For links to the RMI report and other great sources, see the comments. ~~~~~~~~~~ Interested in more action on climate? Follow me, Matthias Muehlbauer, for optimistic insights on climate and our work at OnePointFive (opf.degree)

🌍 Sustainable Development and Renewable Energy: The Path Forward 🌱 As global energy demand continues to rise, it's more critical than ever to find solutions that not only meet present needs but also safeguard future generations. According to a USA Department of Energy (DoE) report, energy consumption is expected to grow from 363 million kilowatts to 750 million kilowatts annually. This growth will place immense pressure on our energy infrastructure and significantly impact environmental health through harmful gas emissions like CO, CO₂, SO₂, and NOx—contributing to global warming. 🌡️ 🔑 The key to mitigating this? A sustainable shift toward Renewable energy resources like photovoltaics (PV) and fuel cells (FC). Transitioning from fossil fuels to cleaner, non-polluting technologies is the bridge to a greener, healthier planet. Let's champion more rational energy use and invest in solutions for a sustainable future. 🌞🔋 📚 References: 1. S. Meffe et al., _Coal beneficiation and organic sulphur removal_, Fuel (1996). 2. International Energy Agency (1995). #SustainableDevelopment #RenewableEnergy #ClimateAction #CleanEnergy #GreenFuture #GlobalWarming #EnergyTransition #PV #FuelCells #Environment #Innovation A

Viet Nam has made a stronger commitment to tackle climate change since COP26, as evidenced by its pursuit of continuous reforms and investments that aim to transition its economy towards the net zero agenda, including signing the Just Energy Transition Partnership (JETP) and approving the long-awaited Power Development Plan VIII (PDP VIII) and PDP VIII Implementation Plan. While there has been significant momentum in the deployment of renewable energy in Viet Nam in recent years, further concrete actions are needed. Tangible and actionable moves from the private sector can mitigate risks, unlock growth and productivity for businesses, and help Viet Nam get back on track to meet its net zero targets. Our latest report “Energy Transition in Viet Nam: Strategic considerations for businesses” aims to provide insights into the current context of energy transition in Viet Nam. The report also proposes some key strategies for Energy Transition success, including evolving Sustainability Transformation Models, leveraging the Capabilities-Driven Strategy framework, and many more. 👉 Explore in more details here: https://lnkd.in/gRwDJmwk #PwCVietnam #EnergyTransition #NetZero 

⚡  Out NOW: Energy Compact Progress Report 2024 New financial commitments to boost sustainable energy by 2030, pledged through the United Nations, have reached US $1.4 trillion, according to the Energy Compact Progress Report 2024 released today. The third edition of the Report was launched today at the opening of the EnergyNow SDG7 Action Forum, an event convening energy leaders and experts on the margins of the UN General Assembly. The report shows continued growth in Energy Compact voluntary commitments, to be deployed by 2030, aimed at reducing the ranks of 685 million people living without electricity and over 2 billion still cooking with polluting fuels, while setting the world on a climate action trajectory towards net-zero emissions by 2050. Get the full picture: https://lnkd.in/gxdmyJCU #SDG7 #UNGA