Affordable and Clean Energy

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 7: Ensure access to affordable, reliable, sustainable and modern energy for all.

[New] As more low-cost variable renewable energy is added to the grid-projected to supply half of the world's electricity by 2050-nuclear energy is recognised as a potential option to produce heat and electricity as needed, while also reducing atmospheric emissions.
[New] The UAE has led the region in climate change policy since the Paris deal, initially committing to generate 24% of its energy from clean sources by 2021 and later increasing that target to 50% by 2050.
[New] Forecasts by the International Energy Agency and OPEC do not expect 2021 oil demand returning to pre-downturn levels.
[New] The International Energy Agency projects consumption will increase by almost 6 million b/d in 2021 but will average just 96.9 million b/d - still well below the pre-pandemic record of 100 million in 2019.
[New] Hyundai Motor Group will set up 20 high-speed charging stations in Korea by 2021 and will further expand its charging network in cooperation with energy companies.
[New] If countries around the world increase their investment in wind, solar and battery in the next few years, the price of renewable energy will continue to decline.
[New] Germany plans to have clean energy sources by 2038 with the strategy of replacing nuclear energy, coal and oil, which have the biggest contribution for energy production today.
[New] The International Energy Agency, estimates global oil demand, which is down 8.8 million barrels per day year on year in 2020, to be up 5.8 mbpd year-on-year in 2021.
[New] In late 2019, the federal government proposed a clean fuel standard, a regulatory approach to reduce Canada's greenhouse gas emissions by up to 30 million tonnes annually by 2030, through increased use of lower-carbon fuels, energy sources, and technologies.
[New] Investors should increase their exposure to metal miners, clean energy and Chinese stocks to maximize their returns in 2021.
We are certain that the demand for power in Germany can be completely covered with renewable energies by 2050.
Biden will invest $400 billion over ten years, as one part of a broad mobilization of public investment, in clean energy and innovation.
A CES would set an overall goal of zero-carbon electricity by 2050 and include more energy sources, such as nuclear and fossil fuels with carbon capture.
A slew of technology companies announced significant decarbonization goals, including Google, which pledged to offset all the carbon it has ever emitted and be 100% powered by renewable energy by 2030.
Gujarat has already achieved 11,000 MW of production capacity and now has the target of producing 30,000 MW of green energy by 2022 - largely through wind and solar.
Japan needs to boost renewable energy by reforming outdated policies on land use and the national grid if it is to meet a new goal of carbon neutrality by 2050.
Algonquin Power, a renewable energy and regulated utility company, has a 3.4 GW pipeline of opportunities in renewables and plans to invest US$ 3.1-billion in wind and solar projects through 2025.
India has set an ultimate target of having 450 GW of clean energy by 2030.
India will look to be more innovative in its approach to garner additional investments worth Rs1.75 lakh crore for having 35 GW of renewable power generation capacity in 2021 to meet the ambitious target of 175 GW of clean energy capacity by 2022.
IFC estimates South Africa's climate-smart investment potential across renewable energy and urban infrastructure, including rail transport, electric vehicles, and green buildings, amounts to $588 billion through 2030.

Last updated: 10 January 2021

Affordable and Clean Energy

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