Management Today
  • Year: 2019
  • Volume: 9
  • Issue: 3

The Progress of Global Energy Goals

  • Author:
  • Neha Lakhotia1, Yamini Karmarkar2, Varun Sarda3
  • Total Page Count: 15
  • Page Number: 169 to 183

1Faculty, Pioneer Institute of Professional Studies, Indore, India, Postal Address: Sector-R, Mahalaxmi Nagar, E-mail ID: neha.pimd@gmail.com

2Associate Professor, Institute of Management Studies, Postal Address: IMS, DAVV, Takshila Campus, Khnadwa Road, Indore, India, Email Address- ykarmarkar@gmail.com

3Faculty, Prestige Institute of Management and Research, Postal Address: 2, Education & Health Sector, Scheme No 54, Indore, India, Email Address- inboxofvarun@gmail.com

Online published on 4 October, 2019.

Abstract

The Energy Progress Report launched at the forum for “Sustainable Energy for All” gives a comprehensive overview into the progress of the World towards the global energy targets on access to electricity, clean cooking, renewable energy and energy efficiency. The Sustainable Development Goals (SDG) by the World Bank has proposed energy targets for 2030. Though the World is not very much on track to meet the global targets and Sustainable Development Goals set for 2030 still developments can be seen in areas like expansion of electricity in least developed countries and industrial energy efficiency. National trends across the World offer encouraging signs and indicate that national targets being met out is really appreciable but the global trends are disappointing. The purpose of the present study is to explore the action required on all technologies, renewables and energy efficiency in order to deliver on the critical goals of energy access, climate mitigation and lower air pollution for developing economies. The study is exploratory in nature. It describes the progress made on the SDG 7 and provides comprehensive overview of the progress of the global economies towards ensuring access to affordable, reliable, sustainable and modern energy for all. The study gives insights into the right set of framework and policies for the energy sector as it is of prime importance towards leading the World into a more sustainable pathway. Findings suggest that with the right set of policies substantial progress can be made in the countries with respect to clean energy and access of energy in order to improve the lives of millions of people. This will further have a positive impact on the prospects for development and will improve the quality of life of millions of people.

Keywords

Global energy targets, sustainable development goals, electrification, renewable energy, efficiency of energy, quality of life