Tracking SDG7: The Energy Progress Report 2023

Sustainable Development Goal 7 (SDG 7) is a crucial part of the 2030 Agenda for Sustainable Development, aimed at addressing global energy challenges. A new report titled Tracking SDG7: The Energy Progress Report 2023 was released recently to provide insights into the progress made in achieving SDG 7.

Objective of Sustainable Development Goal 7

SDG 7 primarily focuses on achieving universal energy access, ensuring that affordable, reliable, sustainable, and modern energy is available for all. By 2030, the goal is to eliminate energy poverty and promote renewable energy sources to foster economic growth and environmental sustainability.

Collaboration for Tracking SDG7

The Tracking SDG7: The Energy Progress Report 2023 was released in collaboration with various agencies, including the International Energy Agency (IEA), emphasizing the importance of accurate data collection and analysis to monitor progress towards SDG 7.

Energy Efficiency Improvement Trends

To double historic levels of energy efficiency, target 7.3 aims for an annual improvement rate of 2.6% between 2010 and 2030. However, the current trend reveals an improvement rate of 1.8% annually, indicating the need to accelerate efforts to achieve the desired outcome.

Access to Clean Cooking

Sub-Saharan Africa is projected to have the highest number of people without access to clean cooking by 2030. Despite progress in reducing the global population lacking access to clean cooking, achieving universal access remains a significant challenge.

Renewable Energy Consumption

In 2020, the share of renewable energy in total final energy consumption reached 19.1% (12.5% excluding traditional use of biomass). While this represents a modest increase from the previous decade, there is a pressing need to enhance renewables-based electricity supply, especially in developing countries.

Required Investments for Renewable Electricity

To align with international climate and energy goals, annual investments of USD 1.4-1.7 trillion in renewable electricity generation and related infrastructure are estimated to be necessary through 2030. These investments are crucial for transitioning to sustainable energy systems worldwide.

2030 Agenda and Sustainable Development Goals

The 2030 Agenda for Sustainable Development was launched in 2015 as a collective effort to end poverty and address various global challenges. It encompasses 17 Sustainable Development Goals, including SDG 7, which plays a vital role in promoting sustainable energy practices worldwide.

The Halfway Point for Achieving the SDGs

2023 marks the halfway point for achieving the SDGs by 2030. As progress is evaluated and gaps are identified, it becomes crucial to prioritize and intensify efforts to ensure the successful attainment of SDG 7 and other related goals.

Month: Current Affairs - June, 2023

Category: Reports & Indexes Current Affairs