International cooperation in support of a global energy transition is on the rise. Initiatives and fora for multilateral cooperation are complemented by growing bilateral engagement to foster international lesson-drawing and exchange. Despite these promising developments, investment towards achieving SDG7 on clean and affordable energy is insufficient. This IASS Policy Brief discusses how international cooperation can support a global energy transition.
While a significant share of international public sector financing is still allocated to coal and other fossil-based technologies Official development assistance (ODA) in the energy sector is increasingly also being directed to renewable energy sources.
Figure shows Overseas development assistance from official donors in the energy sector. ( Source: Authors, based on data available from the OECD’s Creditor Reporting System).
However, investment in clean energy remains heavily concentrated in a small number of frontrunner countries and international cooperation is strongly focused on the promotion of existing technologies and solutions. International energy cooperation needs to go beyond the solutions and strategies being pioneered. Against this background, this policy brief makes three recommendations to further strengthen international cooperation in support of a global energy transition.
Please access the policy brief below to learn more about these three entry points.
Figure shows social and economic co-benefits driving the global energy transition. (By Helgenberger and Jänicke, 2017)
[This information and the infographics were extracted from the policy brief.]