INFORMATION PILL: Public-private collaboration and the accelerating role of the private sector in the clean energy transition journey
Jul 08 2021
1. Sustainable energy efficiency
It should be highlighted the importance of integrating these technologies in an affordable and profitable way,and generating a market that accepts and consumes them at a price that is affordable for the majority of citizens in everycountries.
Most of the global reductions in CO2 emissions between now and 2030 in the net zero pathway come from technologies readily available today.
According to the International Energy Agency(IEA), in 2050, almost half the reductions should come from technologies that are currently only at the demonstration or prototype phase.
This demands that governments quickly increase and reprioritise their spending on research and development – as well as on demonstrating and deploying clean energy technologies – putting them at the core of energy and climate policy. Progress in the areas of advanced batteries, electrolysers for hydrogen, and direct air capture and storage can be particularly impactful.