Oil, gas and coal are the main energy sources for households and manufacturing industries worldwide, which still largely rely on burning fossil fuels to generate heat and electricity. About 90% of the world’s population now has access to electricity, but more than 700 million people globally still live in the dark. 2.4 billion people cook with inefficient or polluting fuels. With industries growing worldwide and electricity consumption rising rapidly, there is an urgent need to replace these fossil fuels with renewable energy from wind, solar or hydropower to curb greenhouse gas emissions responsible for climate change.
SDG 7 wants to ensure access to affordable, reliable, sustainable and modern energy for all. Thanks to improved energy efficiency, digitalisation and smart technologies, electrification is accelerating and becoming more affordable. Our society and economy are largely driven by energy consumption and electrification: jobs, businesses, economic growth, sustainable agriculture, public health and social development. Ramping up renewable energy is imperative to limiting global warming and fostering sustainable development.
Have a look at some of our investment solutions for SDG 7: #Solar, #EnergyEfficiency or #HydroPower and read everything you need to know about our #raditags.