Brazil, China, India, Indonesia, Mexico, Poland and South Africa are among the world’s largest emerging economies. And in the past five years, all have made substantive shifts towards lower-carbon growth strategies – shifts that are still underway. In 2007, these countries represented 33 percent of global CO2 emissions. By 2010, three of them – Brazil, China and India – accounted for over 40 percent of global investment in renewable energy.
Clean Technology Fund
On the margins of a big conference last month in Abu Dhabi with the modest (!) title of the World Future Energy Summit, an important meeting chaired by United Nations Secretary General Ban Ki-moon took place. This meeting agreed on a ‘framework document’ for launching the Sustainable Energy for All (SEFA) Initiative.
This SEFA Initiative has three goals: universal energy access, double the share of renewable energy in the global mix (from the current 15% to 30%), and double the improvement in energy efficiency…all of which are to be achieved by 2030.
It will be a big challenge. To give you an idea of just how big, consider these factors: