The energy sector has a dominant role in the transformation toward green growth, which is reflected in the Nationally Determined Contributions (NDCs) that involve more than 180 countries under the Paris Agreement. All the NDCs include actions related to energy and specific energy-focused targets. The Sustainable Development Goals (SDGs) recognize the role of the energy sector in poverty alleviation, improvement of health and wellbeing, employment creation, and economic growth. SDG71 explicitly targets sustainable and affordable access to reliable and modern energy for all.
Energy production and energy use account for around two-thirds of global greenhouse gas (GHG) emissions and are the largest single source of emissions. The energy sector is also a significant contributor to local air pollution, and member countries’ transformation to green models in energy production, storage, and delivery enables capture of green jobs. GGGI’s energy strategy support explicitly recognizes that the NDCs and SDGs are at the core of combating climate change, reducing air pollution, and providing sustainable access to energy services through the following three priority areas:
- Expanded access to affordable and sustainable energy services.
- Improved sustainable renewable generation mix.
- Enhancement and integration of energy efficiency.
GGGI’s partner countries can transform their energy sectors toward a more sustainable path, while meeting growing demands and a call for universal access to energy services. GGGI supports member countries in transforming the energy sector toward having a more sustainable and clean energy mix that provides affordable and reliable energy services for all and meets county targets and actions under the NDCs and SDG7. For this, GGGI works and supports to influence energy sector policy, strategic planning and origination, and implementation of investment vehicles and projects in line with the above-mentioned three priority areas of support.