Publication: Regulatory Indicators for Sustainable Energy: A Global Scorecard for Policy Makers
Date
2017-01
ISSN
Published
2017-01
Author(s)
Moreno, Francisco Alejandro
Sinton, Jonathan
Primiani, Tanya
Seong, Joonkyung
Abstract
Energy is at the forefront of the
development agenda. Recognizing energy's vital role in
development and prosperity, the world has committed to
Sustainable Development Goal 7 to "Ensure access to
affordable, reliable, sustainable and modern energy for
all" as one of 17 goals for 2030, as well as to
dramatically increase energy efficiency and the use of
renewable energy. The historic climate change agreement in
Paris in 2015 also draws attention to the essential scale-up
of clean energy to attain a 2 degrees C world, with energy
featuring prominently in many countries' Nationally
Determined Contributions. Achieving these global energy
goals calls for more than a trillion dollars of investment
annually. Reaching the 2030 targets set by Sustainable
Energy for All (SEforALL) - universal access to electricity
and clean cooking fuels, doubling the rate of improvement of
energy efficiency, and doubling the share of renewable
energy - requires an unprecedented scale-up of both public
and private finance. Investment in sustainable energy is
affected by many factors, including market size, country
risk, and financial markets, to name but a few. But a
country's policies and regulations also matter, and
they are directly under the control of government. This
report—based on a new and comprehensive global policy
scorecard called Regulatory Indicators for Sustainable
Energy (RISE) - answers two important questions. Are
policymakers around the world truly rising to the challenge
posed by the new global sustainable energy agenda? Where is
further action most critically needed?
Citation
“Banerjee, Sudeshna Ghosh; Moreno, Francisco Alejandro; Sinton, Jonathan; Primiani, Tanya; Seong, Joonkyung. 2017. Regulatory Indicators for Sustainable Energy: A Global Scorecard for Policy Makers. © World Bank, Washington, DC. http://hdl.handle.net/10986/26099 License: CC BY 3.0 IGO.”