Advancing a global transition to clean energy – the role of international cooperation

Abstract

International cooperation in support of a global energy transition is on the rise, and official development assistance (ODA) in the energy sector is increasingly being directed to renewable energy sources. Nevertheless, it is widely acknowledged that investment towards achieving the SDG 7 on clean and affordable energy is insufficient. Moreover, investment in clean energy remains heavily concentrated in a small number of frontrunner countries and overwhelmingly targets grid-connected electricity generation. Worryingly, significant share of international public sector financeing, most notably by export-credit agencies, is still allocated to coal and other fossil-based technologies. Against this background, this paper makes three recommendations for strengthening international cooperation in support of a global energy transition. (1) Promote investment in clean energy and end support for coal-based energy infrastructure. OECD and G20 countries should lead the way by discontinuing all public investment support for new coal-based energy infrastructure and establish guidelines for support to other fossil-based investments. (2) Promote evidence-policy dialogue on the socio-economic dimension of the global energy transition. International cooperation should play an active role in mobilising socio-economic benefits and address potential risks by supporting evidencebased policy dialogue based on robust assessments at both the country and global levels. (3) Provide early market support to promote challenge-based energy innovation. SE4ALL or Mission Innovation should create multi-stakeholder, challenge-based initiatives to promote clean energy innovation in developing and emerging economies and foster early market demand for related products or services. JELO12 O13 Q38

Youth Engagement in the Multilateral Energy Space in 2019–2021

“…The multilateral energy events have the potential to serve as a space for youth advocacy for a more rapid and ambitious clean energy transition, especially given that international cooperation will play an important role in mobilizing finance and raising awareness about the socioeconomic benefits of the energy transition (Quitzow et al 2019). Active engagement in these spaces will also empower and build the capacity of young professionals.…”

Heat transition in the European building sector: Overview of the heat decarbonisation practices through heat pump technology

“…However, there is still room to develop international collaborations on HP promotion and joint investment plans [142].…”

Komitmen Indonesia Pada KTT G20 Arab Saudi Dan Pembangunan Nasional: Sebuah Tinjauan Komprehensif

“…Negara anggota G20 memiliki kekuatan ekonomi yang cukup besar untuk mendorong kerjasama pembangunan bagi negara berkembang, baik melalui kerja sama bilateral (Ikenberry & Mo, 2013a;Marx, 2021), maupun melalui forum multilateral seperti Kerja Sama Selatan-Selatan dan Triangular (KSST) (Parlar Dal & Dipama, 2019). Inisiatif untuk mendorong kerja sama pembangunan tidak terlepas dari komitmen yang dihasilkan KTT G20, terutama komitmenkomitmen yang mendukung agenda pembangunan berkelanjutan (Sustainable Development Goals/SDGs) seperti transisi penggunaan energi baru dan terbarukan (Quitzow et al, 2019), transformasi kebijakan jaminan sosial (Deacon, 2013), dan inovasi terhadap infrastruktur ekonomi digital (Biryukova & Daniltsev, 2019).…”