Page 64 - UAE Foreign Aid Report 2022

United Arab Emirates
64
Foreign Aid Report 2022

SDG
Affordable and Clean
7 Energy

Sustainable Development Goal 7 is ‘Affordable
and Clean Energy.’ It aims to ensure access to
affordable, reliable, sustainable, and modern
energy for all. SDG 7 focuses on expanding
the share of renewable energy in the global
energy mix, and improving energy efficiency in
various sectors. It also emphasizes the need to
support energy infrastructure and technology
development in developing countries, as well as
enhancing international cooperation to promote
clean energy solutions.

By achieving SDG 7, the international community
strives to share a better world where everyone
has access to affordable, reliable, and clean Solar PV Plant-Bahamas.
energy, promoting sustainable development, and Source: Abu Dhabi Fund for Development
addressing climate change challenges.

Global Progress of SDG 7: Ensure access to affordable, reliable, sustainable and
modern energy for all

The world continues to advance towards sustainable energy targets. Nevertheless, the current
pace of progress is insufficient to achieve Goal 7 by 2030. Improvements in energy efficiency, for
example, will need to accelerate to reach the climate goal of reducing greenhouse gas emissions.
Hundreds of millions of people still lack access to electricity, and slow progress towards clean
cooking solutions means that the health of 2.4 billion people is at risk. Huge disparities in access
to modern sustainable energy persist, leaving the most vulnerable even further behind. In some
countries, the COVID-19 pandemic has weakened or reversed advances already made. Rising
commodity, energy and shipping prices have increased the cost of producing and transporting solar
photovoltaics modules, wind turbines and biofuels worldwide, adding uncertainty to a development
trajectory that is already far below Goal 7 ambitions. Achieving energy and climate goals will require
continued policy support and a massive mobilization of public and private capital for clean and
renewable energy, especially in developing countries.

Source: The Sustainable Development Goals Report 2022