Latest news with #Stocktake
Time of India
02-07-2025
- Business
- Time of India
Aligning renewables with development goals can lift 193 million from poverty: UNDP study
A UNDP study reveals that integrating renewable energy goals with development policies could lift 193 million out of poverty by 2060, unlocking $20.4 trillion in savings. An ambitious scenario, combining renewables with investments in health, education, and water, could achieve universal access to electricity and clean cooking. Global leaders must embrace these strategies to balance development with environmental protection. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A new study by the United Nations Development Programme (UNDP) has revealed that aligning renewable energy goals with broader development policies could lift 193 million people out of extreme poverty by 2060, while unlocking USD 20.4 trillion in cumulative savings for the global study, conducted by the United Nations Development Programme (UNDP), University of Denver's Pardee Institute and Octopus Energy, was set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms, could unlock triple wins: cutting emissions, boosting economies and delivering real social report simulated three scenarios to assess outcomes for emissions, economic growth, and social a business-as-usual scenario, the global energy system remains dependent on fossil fuels , accounting for over 50 per cent of primary energy by trajectory would push global warming to 2.6°C, exacerbating poverty, malnutrition and lack of access to essential services like electricity, safe water and second scenario considers accelerated renewable energy deployment aligned with the first Global Stocktake's call to triple renewable energy and double energy this future, fossil fuels would make up just 12 per cent of the energy mix by 2060, helping to limit global temperature rise to below 2 degrees it is the third and most ambitious scenario - where renewables are accelerated alongside investments in health, education, water and food systems - that yields the most transformative this pathway, universal access to electricity and clean cooking is achieved, 142 million people are saved from malnutrition, and 550 million more people gain access to clean water and sanitation."This study shows us that a clean energy future is possible - but we must choose to embed renewable ambition into climate plans linked to inclusive development policies," said Cassie Flynn, UNDP's Global Director of Climate Change In addition to its social impact, the study estimates the third scenario would generate USD 8.9 trillion in energy efficiency savings and USD 11.5 trillion from declining renewable costs, while boosting global GDP by 21 per cent and raising per capita income by USD 6,000 by Energy founder Greg Jackson highlighted the growth potential that clean energy can unlock."Renewables can offer the chance to bring electricity to hundreds of millions of people, improving lives and driving growth," he renewable power capacity reaching 4,448 GW in 2025, accounting for over 90 per cent of new power additions and clean energy investments projected to hit a record USD 2.2 trillion, the momentum is fossil fuels still dominate, comprising over 70 per cent of the global 2024 alone, fossil fuels accounted for more than half of the 2.2 per cent rise in energy demand, and energy efficiency growth halved from previous decades."The imperative now falls to global leaders to embrace these strategies and act," said Jonathan Moyer, Director of the Pardee Institute."This research shows it is possible to balance global development with environmental protection while managing the inherent trade-offs," Moyer said.
Korea Herald
05-06-2025
- Business
- Korea Herald
New Policy Brief from the NDC Partnership Guides Countries Toward Tripling Renewable Energy
The NDC Partnership released a new policy brief today to support policymakers to take steps to integrate renewable energy into national climate pledges. WASHINGTON, June 4, 2025 /PRNewswire/ -- The NDC Partnership mobilized 14 country governments and leading institutions, to release a new policy brief supporting countries' efforts to triple renewable energy capacity. The policy brief, " T ripling Renewables: Powering Climate Action Across Sectors," outlines key actions countries can take to strengthen renewable energy planning in their Nationally Determined Contributions (NDCs), or climate pledges, due this this year. H.E. Mr. Ole Thonke, NDC Partnership Co-Chair representative, Climate Ambassador, Denmark: "Building on the Global Stocktake and the new NDCs it will be crucial to demonstrate that the global community is delivering on the Paris Agreement. Tripling renewable energy capacity is fundamental to achieving this goal. For most countries, renewables are the cheapest way to generate electricity today and therefore the strongest business case. I hope the guidance in this brief helps to overcome the remaining barriers and accelerate renewable energy deployment — especially in developing countries — paving the way for a more sustainable future." Pablo Vieira, Global Director, NDC Partnership: "Tripling renewable energy capacity is both achievable and essential for climate-resilient development. The next round of NDCs offers an opportunity to incorporate a broader range of technologies, innovations and solutions that expand the use of renewables not only for mitigation but also for adaptation — ensuring that successful models are financed, shared and scaled to meet diverse local needs." The use of renewable energy had become more mainstream thanks to technological advancements, cost competitiveness and supportive national policies. In 2023, renewable energy accounted for one-third of global power generation, 86% of new energy capacity and added roughly USD 320 billion to the global economy — or 10% of global GDP. Increasingly, countries are integrating renewable energy into their climate pledges, with over 65% of countries setting specific, measurable targets in the last round of NDCs submitted in 2020. Despite these trends, significant gaps remain between countries' national energy plans and the targets included in their NDC commitments — and clean energy deployment remains uneven. The next round of NDCs are an opportunity for countries to incorporate renewable energy targets into national climate and development plans, advancing mitigation and adaptation. The policy brief offers six considerations for national policymakers for accelerating renewable energy deployment across diverse geographies. The guidance builds on country experiences in renewable energy deployment and shares replicable lessons from previous NDC submissions, addressing key systemic barriers, such as access to finance. The considerations include:
