UN Report Provides Roadmap to Greater Adoption of
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Posted On: 11/05/2024 4:37:26 PM
UN Report Provides Roadmap to Greater Adoption of Clean Energy
A recent United Nations report has outlined a roadmap national and international leaders could use to accelerate the transition to renewable sources of energy. The Climate Technology Progress Report noted that the world has to double its energy efficiency and triple its green energy capacity by the end of the decade to meet its climate action goals.
However, even though some countries have made a lot of progress, the elimination of fossil fuels, the primary source of greenhouse gas emissions, is still uneven. Many nations are still burning fossil fuels and contributing to environmental pollution even as they increase their capacity for green energy. The report provides a roadmap to help policymakers address such challenges and enhance the adoption of renewable energy.
It was produced by the UN Environment Program (UNEP) Copenhagen Climate Center, the UN Framework Convention on Climate Change Technology Executive Committee, and the UN Climate Technology Center and Network. Published on 1st this November, the report highlighted the key role finance, innovation and digitalization will play in speeding up the green energy transition.
The report outlined techniques nations can use to scale up their green energy use while putting a spotlight on how green energy can help the globe achieve Sustainable Development Goals (SDGs). It also highlighted how green energy technologies, especially those critical to wind and solar power, are becoming cheaper every year.
Furthermore, the report stressed the importance of stationary energy storage systems to overcome renewable energy intermittency as well as the benefits of modernizing power grids across the globe. It called for responsible frameworks for governance to help manage the expanded need for developing digital skills and deploying digital technologies amidst the transition from fossil fuels to renewables.
The UN report encouraged government leaders to deploy national standards and circular economy strategies to address the environmental effects of expanding digital technology. Unfortunately, financial barriers still act as a barrier to the widespread adoption of clean energy, especially in emerging nations with limited access to green energy investment. With developed nations like the U.S. and EU countries attracting the most green energy investment, emerging and developed countries are at risk of being left behind as the world transitions to renewables.
According to the report, the particularly high costs involved in launching green energy projects act as a major barrier to renewable energy project investment. The report suggested leveraging blended finance solutions to help lower the clean energy project launch costs and attract more investment. Additionally, the UN report called for investment structures that prioritize inclusivity and align with community leadership and SDGs in clean energy projects.
For-profit firms like Energy and Water Development Corp. (OTCQB: EAWD) are willing to partner with organizations focused on making the energy transition happen, and leveraging their resources can bring about a faster transition.
NOTE TO INVESTORS: The latest news and updates relating to Energy and Water Development Corp. (OTCQB: EAWD) are available in the company’s newsroom at https://ibn.fm/EAWD
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
A recent United Nations report has outlined a roadmap national and international leaders could use to accelerate the transition to renewable sources of energy. The Climate Technology Progress Report noted that the world has to double its energy efficiency and triple its green energy capacity by the end of the decade to meet its climate action goals.
However, even though some countries have made a lot of progress, the elimination of fossil fuels, the primary source of greenhouse gas emissions, is still uneven. Many nations are still burning fossil fuels and contributing to environmental pollution even as they increase their capacity for green energy. The report provides a roadmap to help policymakers address such challenges and enhance the adoption of renewable energy.
It was produced by the UN Environment Program (UNEP) Copenhagen Climate Center, the UN Framework Convention on Climate Change Technology Executive Committee, and the UN Climate Technology Center and Network. Published on 1st this November, the report highlighted the key role finance, innovation and digitalization will play in speeding up the green energy transition.
The report outlined techniques nations can use to scale up their green energy use while putting a spotlight on how green energy can help the globe achieve Sustainable Development Goals (SDGs). It also highlighted how green energy technologies, especially those critical to wind and solar power, are becoming cheaper every year.
Furthermore, the report stressed the importance of stationary energy storage systems to overcome renewable energy intermittency as well as the benefits of modernizing power grids across the globe. It called for responsible frameworks for governance to help manage the expanded need for developing digital skills and deploying digital technologies amidst the transition from fossil fuels to renewables.
The UN report encouraged government leaders to deploy national standards and circular economy strategies to address the environmental effects of expanding digital technology. Unfortunately, financial barriers still act as a barrier to the widespread adoption of clean energy, especially in emerging nations with limited access to green energy investment. With developed nations like the U.S. and EU countries attracting the most green energy investment, emerging and developed countries are at risk of being left behind as the world transitions to renewables.
According to the report, the particularly high costs involved in launching green energy projects act as a major barrier to renewable energy project investment. The report suggested leveraging blended finance solutions to help lower the clean energy project launch costs and attract more investment. Additionally, the UN report called for investment structures that prioritize inclusivity and align with community leadership and SDGs in clean energy projects.
For-profit firms like Energy and Water Development Corp. (OTCQB: EAWD) are willing to partner with organizations focused on making the energy transition happen, and leveraging their resources can bring about a faster transition.
NOTE TO INVESTORS: The latest news and updates relating to Energy and Water Development Corp. (OTCQB: EAWD) are available in the company’s newsroom at https://ibn.fm/EAWD
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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