This research… has shown categorically that the energy transition is not a fad or a piece of political jargon. It is the centrepiece of many companies’ global investment strategies and its prominence will keep growing. The energy transition will not be easy, but the desire to make it happen is clear. Investing in tackling climate change is going to be a key differentiator for businesses in the 2020s.Powering Change: Energy in Transition – Ashurst.
— GO GREEN (@ECOWARRIORSS) May 16, 2020
New @wef study measuring readiness for clean energy transition in 115 economies. 94 have made progress since 2015, but environmental sustainability continues to lag. Explore the full report and more: https://t.co/Upxky8yOwp #wefenergy #cleanenergy #energytransition pic.twitter.com/o088HRaIUb
— WEF Energy (@wefenergy) May 16, 2020
The year 2020 was to mark the beginning of a “decade of delivery” for the global renewable energy transition. The COVID-19 pandemic has taken the wind out of those sails.
This is a watershed moment for the global energy transition.
There has been some progress toward the transition, according to the 2019 Renewables Global Status Report from REN21, a global renewable energy think tank. The majority of new power generation capacity is in the form of renewable energy. More than 160 countries have made renewable energy and energy decarbonization commitments. There has been substantial investment in energy storage, and a substantial increase in private sector support. All of these are essential elements in a successful transition. (The recently released World Economic Forum report, Fostering Effective Energy Transition 2020, illustrates the substantial progress made in the global readiness for such a transition.)
NEWS AND VIEWS FROM AROUND THE WEB ON ENERGY EFFICIENCY & TRANSITION