Momentum of global collaboration towards energy transition- Richa Kushwaha

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Description:

With the Paris agreement and COP 27, the world is moving towards a sustainable, more resilient, and zero-carbon world. Countries have started to translate national commitments into credible policies, while every sector is undergoing an exponential transformation. Also, with increasing engagement due to effective communication, there is clear public support for a green recovery. People are in support of policies that are providing cleaner air; a sustainable transition for their children; and the protection of nature that in turn protects their health, homes, and livelihoods.

Enablers:

  • Globalization and communication
  • Tangible goals and strategies put in place to achieve net-zero
  • International Organizations & Summits: Paris agreement, COP27, United Nations (UN), World Trade Organization (WTO), European Union etc.

Inhibitors

  • Oil industry pressure to affect drastic policies shift in the energy transition
  • Policy building and execution in isolation, not collaborating with countries to solve a global issue
  • Balance of Power: Influential nations are very reluctant to give away their resources
  • Hard to manage and coordinate and most important, track.


Paradigms:

Collaboration momentum is created but actual results of global-scale initiatives are not tangible enough. Global leaders are coming together to create a major impact on global transition by implementing policies at the national level. these efforts can be better managed and coordinated sure to increase communication and goal tracking systems. Another big issue is an investment in steps towards energy transition, which can be effective if planned strategically considering national and global factors.

Timing:

Starting now till end of decade : till 2030


Web Resources:

https://racetozero.unfccc.int/wp-content/uploads/2021/09/2030-breakthroughs-upgrading-our-systems-together.pdf
https://unfccc.int/news/renewables-growth-must-double-to-achieve-paris-goals-iea
https://www.irena.org/events/2021/Oct/IRENA-to-Mobilise-Energy-Transition-Action-at-COP26

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