A report on green energy prepared jointly by the World Energy Organization and the World Bank states that less than 150 billion was invested in green energy last year and zero emissions by 2050. In order to bring about this, it is necessary to increase this investment 7 times annually by 2030. It is therefore imperative that developing economies be given easy access to the capital they need to generate environmentally friendly energy. International financial institutions, donors, multilateral development banks, and other partners can play a key role in this process.
Due to the rising global temperature, efforts are being made to shift the world to clean energy. However, experts warn that if equal rights are not taken care of in the whole process, it can have dangerous consequences. Statistics show that there is a clear difference in the volume of investment in environmentally friendly energy production between developed and developing countries. In such a scenario, it will be difficult to achieve the goals of the Paris Agreement if the development of green energy in developing countries is not increased sevenfold.
In light of these facts, it is safe to say that countries around the world urgently need to work harder to acquire environmentally friendly energy in order to protect the world from the extremely dangerous effects of climate change and the planet. To build a healthier and more prosperous future for human beings living on a planet where everyone has access to stable and affordable energy resources.
According to the research, most of the toxic gases will be emitted from emerging and developing economies in the coming decades as the process of building new cities takes place in those countries in view of economic growth, industrialization, and growing population. There is a strong possibility of being accepted. The collective challenge for the world is to prevent the countries that have adopted today's developed economies in the past from adopting the high carbon emissions path for development.
The future of the global economy will grow as the use of solar, wind and electric vehicles is increasing in the world to ensure efficient use of energy. We need to take a path that not only gives access to electricity to the millions of people who are currently deprived of this basic need but also encourages those in the community to use environmentally friendly energy in their day-to-day life. Cooking uses fuels that pollute the environment as it is itself a major threat to the survival of these circles.
Apparently investing in environmentally friendly energy production is expected to bring huge benefits, but in the process, it will be necessary to ensure that these benefits reach as far as possible globally. It is important to close the gap between rich and poor and between countries that have access to modern technology and those that do not. The world needs to make sure that we do not create new divisions in the race for environmentally friendly energy.
Many organizations already seem ready to go beyond their role. However, the current level of global investment in environmentally friendly energy is still very small, which requires serious global efforts to increase.
