According to a report released by the World Economic Forum on Mar 25, the process of transforming the energy system to a more affordable and sustainable direction has stalled in the past five years, despite increased global energy availability.
| PVA |
The report uses the Energy Transition Index to assess the performance of energy systems in 115 economies worldwide. The results show that since 2014, more and more people around the world have access to energy, but the affordability of energy has declined, and the environmental sustainability of energy systems has not improved.
According to the report, Asia’s emerging and developing economies have made tremendous progress in promoting universal access to electricity. At the same time, due to the continuous improvement of urbanization, industrialization and living standards, Asia will become the most important region to promote future energy transformation.
The report finds that the biggest challenge in building a future-oriented global energy system lies in the inadequate readiness of the world’s large economies. The report suggests that we should get rid of the dependence of economic growth on energy consumption, improve the efficiency and sustainability of energy systems through large-scale application of technological innovation, and address inequalities and injustices in the process of energy transformation in order to accelerate the global energy transformation.
| POLYVINYL ALCOHOL |