SEforALL Highlights Tested Ways to Speed Up Energy
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Posted On: 10/02/2024 5:23:05 PM
SEforALL Highlights Tested Ways to Speed Up Energy Transition During UNGA79
The recently concluded annual UN General Assembly (UNGA79) provided a significant opportunity for Sustainable Energy for All (SEforALL) to highlight different ways the world can accelerate its transition from fossil fuels to renewables. SEforALL specifically focused on developing nations that are more likely to be left behind in the green-energy transition and outlined ways to power livelihoods, put a stop to energy poverty and advance climate-change action.
The Raising Ambition on SDG7 event was jointly hosted by SEforALL, Africa50 and Enel Corporation with a focus on providing global support to achieve the three aforementioned goals: power livelihoods, fight the climate change menace, and eliminate energy poverty.
The event featured key industry leaders such as UN Deputy Secretary-General Amina J. Mohammed; CEO and special representative to the UN Secretary-General for Sustainable Energy Damilola Ogunbiyi; Senegalese Minister of Energy, Oil & Mines Birame Soulèye Diop; and Brazilian Secretary for Climate, Energy & Environment Ambassador André Aranha Corrêa do Lago.
They challenged leaders across the globe to increase the ambition and scale of their green-energy projects and investments to accelerate the world’s transition to renewables. The Raising Ambition on SDG7 event highlighted different proven solutions for delivering an equitable and just green-energy transition with a particular focus on providing adequate funding and pushing for distributed green-energy solutions.
SEforALL also highlighted the impact of Energy Compacts in achieving sustainable development goals (SDG). Energy Compacts is a UN platform designed to bring UN member states, companies, civil society and international organizations to voluntarily commit to taking certain SDG actions. The Energy Compacts Annual Progress Report unveiled by SEforALL at the start of the event revealed that a whopping $1.4 trillion in investment has already been promised for SDG7 under Energy Compacts.
Furthermore, the pledged investment has resulted in the installation of 254 gigawatts of clean-energy capacity and improved electricity access for 177 million people. On the down side, the report notes, efforts to increase access to clean cooking have been slow, with an estimated 23 million people gaining access from 2021 to 2024, indicating the need for more robust efforts to increase clean-cooking access.
SEforALL notes that it will keep working with its UN-energy partners to bring new signatories to existing energy compacts and sign new compacts. It also revealed a novel SDG7 backsliding analysis that showed the world is dangerously off track in its efforts to achieve SDG7 goals. Millions of people, particularly in sub-Saharan Africa, are projected to remain without electricity into the 2030s and beyond due to resource constraints coupled with population growth. The sub-Saharan region still trails behind in clean-cooking access and attracts the least amount of clean-energy investment.
The determination to switch to renewable sources of energy gives entities such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) an opportunity to benefit from this transition by uncovering viable sources of the metals needed to manufacture green-energy products, such as solar panels, wind turbines or even stationary energy-storage systems.
NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
The recently concluded annual UN General Assembly (UNGA79) provided a significant opportunity for Sustainable Energy for All (SEforALL) to highlight different ways the world can accelerate its transition from fossil fuels to renewables. SEforALL specifically focused on developing nations that are more likely to be left behind in the green-energy transition and outlined ways to power livelihoods, put a stop to energy poverty and advance climate-change action.
The Raising Ambition on SDG7 event was jointly hosted by SEforALL, Africa50 and Enel Corporation with a focus on providing global support to achieve the three aforementioned goals: power livelihoods, fight the climate change menace, and eliminate energy poverty.
The event featured key industry leaders such as UN Deputy Secretary-General Amina J. Mohammed; CEO and special representative to the UN Secretary-General for Sustainable Energy Damilola Ogunbiyi; Senegalese Minister of Energy, Oil & Mines Birame Soulèye Diop; and Brazilian Secretary for Climate, Energy & Environment Ambassador André Aranha Corrêa do Lago.
They challenged leaders across the globe to increase the ambition and scale of their green-energy projects and investments to accelerate the world’s transition to renewables. The Raising Ambition on SDG7 event highlighted different proven solutions for delivering an equitable and just green-energy transition with a particular focus on providing adequate funding and pushing for distributed green-energy solutions.
SEforALL also highlighted the impact of Energy Compacts in achieving sustainable development goals (SDG). Energy Compacts is a UN platform designed to bring UN member states, companies, civil society and international organizations to voluntarily commit to taking certain SDG actions. The Energy Compacts Annual Progress Report unveiled by SEforALL at the start of the event revealed that a whopping $1.4 trillion in investment has already been promised for SDG7 under Energy Compacts.
Furthermore, the pledged investment has resulted in the installation of 254 gigawatts of clean-energy capacity and improved electricity access for 177 million people. On the down side, the report notes, efforts to increase access to clean cooking have been slow, with an estimated 23 million people gaining access from 2021 to 2024, indicating the need for more robust efforts to increase clean-cooking access.
SEforALL notes that it will keep working with its UN-energy partners to bring new signatories to existing energy compacts and sign new compacts. It also revealed a novel SDG7 backsliding analysis that showed the world is dangerously off track in its efforts to achieve SDG7 goals. Millions of people, particularly in sub-Saharan Africa, are projected to remain without electricity into the 2030s and beyond due to resource constraints coupled with population growth. The sub-Saharan region still trails behind in clean-cooking access and attracts the least amount of clean-energy investment.
The determination to switch to renewable sources of energy gives entities such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) an opportunity to benefit from this transition by uncovering viable sources of the metals needed to manufacture green-energy products, such as solar panels, wind turbines or even stationary energy-storage systems.
NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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