Cost to value leadership
Effective deep decarbonization will be equitable
Zero Carbon Solutions
Climate Change is a Megatrend, and a rapid transformation of the global energy system is underway and accelerating. Many countries and industry leaders worldwide have committed to accelerating zero-carbon industry development. Policymakers must make decisions based on system value to realistically measure the impact of policies by considering the cost of energy and the broader consequences, encompassing emissions, water footprint, air quality and human health, job creation, energy access, resilience, etc.
Studies undertaken by WEF’s Electricity Industry Action Group prove that an acceleration of a Sustainable Energy Transition can pay off by delivering a higher net benefit than continuing on our current path.
Radical Change
We are at a time when every country is accelerating to net-zero carbon solutions simply through economic growth and sustainable policies that rise to clean industries. We need to shift political focus from cost to value leadership to make a real difference. Adopting the System Value Approach gives us a more holistic evaluation of policies and investments’ economic, environmental, social, and technical outcomes.
A radical acceleration of innovation’ is necessary to raise climate ambition and drive the clean energy transition. At the same time, we need to make significant investments in developing, demonstrating, and scaling up innovative technologies to enable a swift and affordable net-zero transition.