Energy is at the forefront of the development agenda. Recognizing energy's vital role in development and prosperity, the world has committed to Sustainable Development Goal 7 to "Ensure access to affordable, reliable, sustainable and modern energy for all" as one of 17 goals for 2030, as well as to dramatically increase energy efficiency and the use of renewable energy. The historic climate change agreement in Paris in 2015 also draws attention to the essential scale-up of clean energy to attain a 2 degrees C world, with energy featuring prominently in many countries' Nationally Determined Contributions. Achieving these global energy goals calls for more than a trillion dollars of investment annually. Reaching the 2030 targets set by Sustainable Energy for All (SEforALL) - universal access to electricity and clean cooking fuels, doubling the rate of improvement of energy efficiency, and doubling the share of renewable energy - requires an unprecedented scale-up of both public and private finance. Investment in sustainable energy is affected by many factors, including market size, country risk, and financial markets, to name but a few. But a country's policies and regulations also matter, and they are directly under the control of government. This report—based on a new and comprehensive global policy scorecard called Regulatory Indicators for Sustainable Energy (RISE) - answers two important questions. Are policymakers around the world truly rising to the challenge posed by the new global sustainable energy agenda? Where is further action most critically needed?
Details
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Author
Banerjee,Sudeshna Ghosh, Moreno,Francisco Alejandro, Sinton,Jonathan Edwards, Primiani,Tanya, Seong,Joonkyung
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Document Date
2017/01/01
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Document Type
Working Paper
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Report Number
112828
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/02/22
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Disclosure Status
Disclosed
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Doc Name
Regulatory indicators for sustainable energy : a global scorecard for policy makers
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Keywords
Scaling-Up Renewable Energy Program;data collection and validation;minimum energy performance standard;retail price of electricity;regulatory framework for energy;sustainable energy investment;public sector efficiency;energy access;building energy code;renewable energy capacity;power purchase agreement;energy efficient appliance;emission trading system;Solar Home System;Renewable Energy Policy;people without electricity;sustainable energy policy;gross national income;energy efficiency plan;production tax credit;law and regulation;renewable energy integration;renewable energy target;renewable energy resource;cost of energy;earnings before interest;transmission and distribution;energy efficiency indicator;modern energy service;fragile and conflict;energy efficiency labeling;global energy mix;quality of policy;individual data collection;energy efficiency measure;certification accreditation;public sector indicator;energy efficiency financing;energy access policy;basic energy need;appliance energy efficiency;traffic light system;fossil fuel subsidy;sustainable energy development;role of technology;level of support;energy efficiency target;types of energy;clean energy investment;energy service company;energy service companies;increase energy efficiency;energy for all;renewable energy generator;Access to Electricity;electrification plan;
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Citation
Banerjee,Sudeshna Ghosh Moreno,Francisco Alejandro Sinton,Jonathan Edwards Primiani,Tanya Seong,Joonkyung
Regulatory indicators for sustainable energy : a global scorecard for policy makers (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/538181487106403375/Regulatory-indicators-for-sustainable-energy-a-global-scorecard-for-policy-makers