Week 2: SDG 7.2 – Renewable Energy

While renewable energy has seen unprecedented growth over the last decade, its share of total final energy consumption has remained steady at around 17 percent. This is because global energy consumption has grown at a similar rate. According to the 2021 Tracking SDG 7 Report, renewables are most dynamic in the electricity sector, reaching around 25 percent in 2018, while progress in the heat and transport sectors has been much slower.

Populations without access to the central electricity grid can benefit from off-grid solar and other decentralized solutions, which can provide energy access at lower initial costs. Developing countries with severe energy access gaps have started to embrace integrated approaches to electricity supply, combining improved centralized electricity grids with distributed renewable energy solutions. However, research from our Energizing Finance report shows that in the 20 countries with the largest electricity access deficits, only 1 percent of finance went to decentralized energy solutions. And, while financing for off-grid solutions has doubled, investment in coal-fired power plants has tripled. Source: SEforALL Research

Stay tuned and make sure not to miss next week’s topic, where we will explore SDG 7.3 – Energy Efficiency. Let’s continue to drive progress and make a difference together!

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|Editor-in-Chief: Monica Uduku