Analysis: Does Goal 7 Energy for All Need a Rethink?
Goal 7 of the Sustainable Development Goals (SDGs) aims to ensure access to affordable, reliable, sustainable and modern energy for all by 2030. Yet according to new research by Copenhagen Business School the poor planning and execution of decarbonisation strategies in emerging markets challenges the aims of Goal 7.
“In the effort to produce renewable energy and decarbonise their economies, emerging countries have neglected the effect on marginalised populations, which could ultimately prove unsustainable for all,” says Assistant Professor Jacobo Ramirez from the Department of Management, Society and Communication at CBS.
The research, published in the Journal of International Business Policy, calls for policymakers and business to re-evaluate large-scale renewable energy investments in emerging markets to mitigate climate change and meet the SDGs.