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“ The more ambition political leaders demand , the more businesses , investors , cities and regions are challenged to advance ”
NIGEL TOPPING UK HIGH LEVEL CLIMATE ACTION CHAMPION , COP26
The Fostering Effective Energy Transition 2021 report highlights the progress being made globally to tackle greenhouse gas emissions from energy generation – at a time when more than 770mn people still lack reliable access to electricity – but over the past 10 years , only 13 of the 115 benchmarked countries have made consistent gains ( defined as consistently above-average performance improvements on the index ).
“ As we head deeper into the decade of action … we cannot afford to lose momentum or worse , go into reverse ,” it warns .
One of the report ’ s key findings is the need to ‘ double down ’ on public-private sector collaboration and risk-sharing to attract long-term investments . Annual investment in clean energy and energy efficiency needs to increase by a factor of six by 2050 , according to the UN Intergovernmental Panel on Climate Change ( IPCC ).
It highlights the critical need to root the energy transition in economic , political and social practices so that progress becomes irreversible . energydigital . com 47