|Topic: GS3 – Environment
This topic is not much relevant in the context of Prelims but more for Mains in the context of Climate Change Mitigation and Renewable Energy.
- Roughly 675 million people, or 8% of the global population, do not have access to reasonably priced and dependable electricity.
- Human and economic development is hampered by this energy divide, which also has an impact on equity, transportation, health, education, income production, and general well-being.
- In the context of accomplishing sustainable development goals, addressing these inequities becomes essential.
- Progress has been made possible by the falling costs of solar photovoltaics (PV), but tripling renewable energy sources is thought to be necessary to stay well below the 2-degree Celsius objective.
- Many international organisations recommend tripling the amount of money invested in renewable energy, and it may even be necessary to invest five times as much as it does now.
- This scale is required to make a significant difference and meet the world’s rising energy needs.
- It is imperative that governments, the business sector, and multilateral institutions forge stronger collaborations in order to facilitate and maintain the shift to renewable energy.
- This entails strengthening institutional and regulatory frameworks, promoting technological transfer, and reducing long-term investment risks.
- To accomplish this transformative movement, a three-pronged agenda is presented, organised and led by multilateral institutions.
- Multilateral organisations are capable of overcoming obstacles in the way of securing long-term, affordable financing for sustainable energy.
- Payment guarantees and partial-risk guarantees are examples of mechanisms that have proven useful in projects like the Global Solar Facility of the International Solar Alliance.
- Through the use of their convening power, these organisations can increase institutional structures, regulatory support, and low-cost financing access to accelerate energy transitions.
- To guarantee an inclusive and significant change, cooperation between governments, multilateral organisations, and the private sector is necessary.
- With these three collaborations, we hope to ensure that no one is left behind and share the workload in tackling the world’s problems.
- Enhanced cooperation can help with funding, business plans, and joint ventures; multilateral investment funds are essential for technology transfer through programmes like patent pooling.
- Collaborative efforts in technology transition groups are suggested, based on historical lessons.
- These groups which would include specialists, NGOs, the commercial sector, and interested nations would concentrate on releasing frequent updates on the development and adoption of pertinent technology.
- In order to facilitate successful technology transitions, the pooling of intellectual property rights would improve visibility, utilisation, and universal adoption.
- One consequence of the recent failures to meet the Sustainable Development Goals (SDGs) is a lack of confidence in the effectiveness of the international system.
- Using the capacity of both new and established multilateral organisations, we should aim to steer world communities in the direction of more hopeful paths.
- Projects such as the African Union’s admission into the G20 and the Bridgetown Initiative are notable instances of how international cooperation is changing.
- It is imperative that solutions to examine energy transitions through the lens of energy access be developed as the globe navigates the intricacies of sustainable development.
- A crucial component of sustainable development may be addressed by giving energy access top priority at COP meetings, which would support larger initiatives to make significant progress towards all SDGs.
- This fundamental signal has the power to spark revolutionary change on a worldwide level.
|PYQ: Discuss the role of international cooperation in addressing climate change. Examine the challenges and opportunities associated with the implementation of global climate agreements. Illustrate your answer with recent examples and suggest measures to enhance the effectiveness of such international efforts. (UPSC CSE (M) GS-3 2019) (250 words/15 m)
|Practice Question: Examine the significance of the recent multilateral initiatives, including COP28, in promoting the global transition towards renewable energy and achieving net-zero emissions. (150 words/10 m)