Goal 7, as defined by United Nations, is about ensuring access to clean and affordable energy, which is a key ingredient to any economic activities, transportation, social well-being and human welfare. Latest data suggest that the world continues to advance towards sustainable energy targets, but at a much slower pace than expected. The progress is insufficient to achieve Goal 7 by 2030, amidst the disparities across society in terms of access to modern sustainable energy sources.
Rising commodity, energy and shipping prices have increased the cost of producing and transporting solar photovoltaics modules, wind turbines and biofuels worldwide, adding uncertainty to the targeted development trajectory. The strategic energy transition that needs to be implemented will require continued policy support and a massive mobilization of public and private capital for generation and distribution of clean and renewable energy, especially in developing countries.
Importance of Developing Countries in Energy Transition
152 developing countries hosts 85.43 percent of world’s population and this statistics by itself depicts the reason why sustainable practices of these countries will fast forward the energy goal of the world. It will need structural changes of user habits, policy propositions by government, rehaul of manufacturing facilities and even a defined path of actions to attain the estimated goals.
Adopting sustainable energy practices can help these countries get a step closer to building a renewable future, but also solve major energy crises such as oil shortages, fuel depletion, and even poverty challenges. A bigger goal being saving the planet from future crises and save the future generations. As the previous President of America Barack Obama said, “To truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy.”
Looking at the facts, as reiterated by UN studies, the world has made progress but are far away from the actual goal.
• The global electricity access rate increased from 83 per cent in 2010 to 91 per cent in 2020. Over this period, the number of people without electricity shrank from 1.2 billion to 733 million.
• From 2018 to 2020, the electricity access rate rose by an average of 0.5 percentage points annually, compared to 0.8 percentage points between 2010 and 2018.
• At the current pace, only 92 per cent of the world’s population would have access to electricity in 2030, leaving 670 million people unserved.
Report Card of Implementation
The tracking of SDG 7 goals saw that most of the countries logging in 98 to 100 percent population accessing electricity, though the quality of power remains a question in many developing countries. In few pockets of Africa, the