Tracking SDG7 Report: progress toward sustainable energy

The session will showcase the latest results emerging from Tracking SDG7: The Energy Progress Report, a joint report of the Custodian Agencies – the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO). This report tracks and provides a dashboard to register global, regional and country progress on the four targets of SDG 7: SDG 7.1 on energy access (electricity, clean fuels and technologies for cooking), SDG 7.2 on renewable energy, and SDG 7.3 on energy efficiency, based on statistical indicators endorsed by the UN. According to the latest data, the world is making progress towards achieving SDG 7, but will fall short of meeting the targets by 2030. The session will deliberate upon policy approaches and business models that have proven successful in propelling governments and private sector into action. The session will also discuss the role of political commitment and long-term energy planning, the evolving role of the private sector, and adequate incentives for deployment of clean technology options, in achieving all the goals under SDG7. A substantial increase in global energy investment compared to the current levels is needed to achieve the targets. Given EU’s contribution of EUR 3 billion per year towards climate finance initiatives dedicated to sustainable energy, the panellists will also discuss how to best apply these resources to achieve greatest progress towards the 2030 goals of SDG7.

Speakers

Senior Energy Specialist
World Bank