Connect with us

Reports

Deep Electrification Powered by Renewables Key for a Climate-Safe Future

MD Staff

Published

on

As the urgency to take bold climate action grows, new analysis by the International Renewable Energy Agency (IRENA) finds that scaling-up renewable energy combined with electrification could deliver more than three quarters of the energy-related emission reductions needed to meet global climate goals. According to the latest edition of IRENA’s Global Energy Transformation: A Roadmap to 2050, launched today at the Berlin Energy Transition Dialogue, pathways to meet 86 per cent of global power demand with renewable energy exist. Electricity would cover half of the global final energy mix. Global power supply would more than double over this period, with the bulk of it generated from renewable energy, mostly solar PV and wind.

“The race to secure a climate safe future has entered a decisive phase,” said IRENA Director-General Francesco La Camera. “Renewable energy is the most effective and readily-available solution for reversing the trend of rising CO2 emissions. A combination of renewable energy with a deeper electrification can achieve 75 per cent of the energy-related emissions reduction needed.”

An accelerated energy transition in line with the Roadmap 2050 would also save the global economy up to USD 160 trillion cumulatively over the next 30 years in avoided health costs, energy subsidies and climate damages. Every dollar spent on energy transition would pay off up to seven times. The global economy would grow by 2.5 per cent in 2050. However, climate damages can lead to significant socio-economic losses.

“The shift towards renewables makes economic sense,” added Mr. La Camera. “By mid-century, the global economy would be larger, and jobs created in the energy sector would boost global employment by 0.2 per cent. Policies to promote a just, fair and inclusive transition could maximise the benefits for different countries, regions and communities. This would also accelerate the achievement of affordable and universal energy access. The global energy transformation goes beyond a transformation of the energy sector. It is a transformation of our economies and societies.”

But action is lagging, the report warns. While energy-related CO2 emissions continued to grow by over 1 per cent annually on average in the last five years, emissions would need to decline by 70 per cent below their current level by 2050 to meet global climate goals. This calls for a significant increase in national ambition and more aggressive renewable energy and climate targets.

IRENA’s roadmap recommends that national policy should focus on zero-carbon long-term strategies. It also highlights the need to boost and harness systemic innovation. This includes fostering smarter energy systems through digitalisation as well as the coupling of end-use sectors, particularly transport, and heating and cooling, via greater electrification, promoting decentralisation and designing flexible power grids.

“The energy transformation is gaining momentum, but it must accelerate even faster,” concluded Mr. La Camera. “The UN’s 2030 Sustainable Development Agenda and the review of national climate pledges under the Paris Agreement are milestones for raising the level of ambition. Urgent action on the ground at all levels is vital, in particular unlocking the investments needed to further strengthen the momentum of this energy transformation. Speed and forward-looking leadership will be critical – the world in 2050 depends on the energy decisions we take today.”

Read and download the 2019 Global Energy Transformation: A Roadmap to 2050.

IRENA

Continue Reading
Comments

Reports

Half of Working Adults Fear for Their Jobs

Newsroom

Published

on

In a new World Economic Forum-Ipsos survey of more than 12,000 working adults in 27 countries, more than half (54%) say they are concerned about losing their jobs in the next 12 months. Perceived job insecurity varies widely across countries: it is stated by three in four workers in Russia, compared to just one in four in Germany.

Two thirds of workers worldwide say they can learn skills needed for the jobs of the future through their current employer. Nearly nine in ten workers in Spain think they can gain essential new skills on the job, whereas fewer than half in Japan, Sweden and Russia.

Concern about job losses

On average, 54% of employed adults from 27 countries say they are concerned about losing their job in the next 12 months (17% are very concerned and 37% somewhat concerned). The prevalence of job-loss concern in the next year ranges from 75% in Russia, 73% in Spain, and 71% in Malaysia, to just 26% in Germany, 30% in Sweden, and 36% in the Netherlands and the United States.

Ability to acquire new skills

Globally, 67% of employed adults surveyed say they can learn and develop skills needed for the jobs of the future through their current employer (23% are very much able to do so, 44% somewhat able). Across the 27 countries, perceived ability to learn and develop those skills on the job is most widespread in Spain (86%), Peru (84%), and Mexico (83%) and least common in Japan (45%), Sweden (46%), and Russia (48%).

Saadia Zahidi, Managing Director at the World Economic Forum said, “The current crisis means that the job creation rate has gone significantly down compared to two years ago, but there is an optimistic scenario overall compared to the rate of job destruction. Of course, it depends on the choices we make today. It depends on the kinds of investments governments make today – and the investments workers make in terms of their own time. And it depends on the choices that business leaders make when it comes to retaining and protecting jobs versus shorter-term decisions that are more focused on quarterly results.”

New skill acquisition versus job insecurity

Globally, workers are more likely to say they can learn and develop skills needed for the jobs of the future through their current employer (67%) than to express concern about losing their job in the next 12 months (54%), a difference of 13 percentage points.

The countries where those who can gain new skills on the job outnumber those who are concerned about losing their job by the largest margins are the United States and Germany (by 40 points).

In reverse, job loss concern is more prevalent than perceived ability to acquire skills in Russia (by 28 points) and, to a lesser extent in Malaysia, Poland, Japan, Turkey, and South Korea.

World Economic Forum Jobs Reset Summit

Job losses and the skills challenge are two of the issues that will be addressed at the forthcoming Jobs Reset Summit. The summit brings together more than 1200 visionary leaders from business, international organizations, government, civil society, media and the broader public to shape a new agenda for growth, jobs, skills and equity.

Continue Reading

Reports

2020 Deloitte-NASCIO Cybersecurity Study Highlights Imperatives for State Governments

Newsroom

Published

on

Deloitte and The National Association of State Chief Information Officers (NASCIO) released their 2020 Cybersecurity Study, “States at Risk: The Cybersecurity Imperative in Uncertain Times.” The national study is based on responses from 51 U.S. state and territory enterprise-level chief information security officers (CISOs). This is the 10th year of this study and the sixth iteration, with a record number of state and territory CISO’s participating this year.
The key themes in this year’s study are:

  • COVID-19 has challenged continuity and amplified gaps in budget, talent and threats, and the need for partnerships.
  • Collaboration with local governments and public higher education is critical to managing increasingly complex cyber risk within state borders.
  • CISOs need a centralized structure to position cyber in a way that improves agility, effectiveness and efficiencies.

The report also details focus areas for states during the COVID-19 pandemic. While the pandemic has highlighted the resilience of public sector cyber leaders, it has also called attention to long-standing challenges facing state IT and cybersecurity organizations such as securing adequate budgets and talent; and coordinating consistent security implementation across agencies.

These challenges were exacerbated by the abrupt shift to remote work spurred by the pandemic. According to the study:

  • Before the pandemic, 52% of respondents said less than 5% of staff worked remotely.
  • During the pandemic, 35 states have had more than half of employees working remotely; nine states have had more than 90% remote workers.

“The last six months have created new opportunities for cyber threats and amplified existing cybersecurity challenges for state governments,” said Meredith Ward, director of policy and research at NASCIO. “The budget and talent challenges experienced in recent years have only grown, and CISOs are now also faced with an acceleration of strategic initiatives to address threats associated with the pandemic.”

“The pandemic forced state governments to act quickly, not just in terms of public health and safety, but also with regard to cybersecurity,” said Srini Subramanian, principal, Deloitte & Touche LLP, and state and local government advisory leader. “However, continuing challenges with resources beset state CISOs/CIOs. This is evident when comparing the much higher levels of budget that federal agencies and other industries like financial services receive to fight cyber threats.”

State governments’ longstanding need for digital modernization has only been amplified by the pandemic, along with the essential role that cybersecurity needs to play in the discussion. Key takeaways from the 2020 study include:

  • Fewer than 40% of states reported having a dedicated budget line item for cybersecurity.
  • Half of states still allocate less than 3% of their total information technology budget on cybersecurity.
  • CISOs identified financial fraud as three times greater of a threat as they did in 2018.
  • Overall, respondents said they believe the probability of a security breach is higher in the next 12 months, compared to responses to the same question in the 2018 study.
  • Only 27% of states provide cybersecurity training to local governments and public education entities.
  • Only 28% of states reported that they had collaborated extensively with local governments as part of their state’s security program during the past year, with 65% reporting limited collaboration.

The 2020 study also revisits the three “bold plays” of the “2018 Deloitte–NASCIO Cybersecurity Study,” covering funding, innovation and collaboration, to assess progress on these strategic issues. While CISOs have made progress in the intervening years, more is needed.

The study is based on responses from U.S. state and territory enterprise-level CISOs. CISO participants answered 61 questions designed to characterize the enterprise-level strategy, governance and operation of security programs.

Continue Reading

Reports

Critical gaps in social protection hampering Asia-Pacific region’s resilience to COVID-19

Newsroom

Published

on

The COVID-19 pandemic has highlighted the need for well-functioning social protection systems in the region as never before. A new UN report released today reveals that despite their rapid socioeconomic ascent, most countries in the Asia-Pacific region have weak social protection systems riddled with gaps.

About half of the region’s population has no social protection coverage, according to the publication The Protection We Want: Social Outlook for Asia and the Pacific, jointly produced by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and International Labour Organization (ILO) Regional Office for Asia and the Pacific. Only a handful of countries have comprehensive social protection systems with relatively broad coverage.

“Comprehensive social protection creates the foundation for healthy societies and vibrant economies. The COVID-19 pandemic has brought this imperative into sharp focus, by demonstrating the stabilizing effect well-functioning social protection systems have and how their absence exacerbates inequality and poverty,” said United Nations Under-Secretary-General and Executive Secretary of ESCAP Armida Salsiah Alisjahbana.

She added, “Delivering effective social protection to all people across our region is already shaping our approach, as we advocate combining short-term relief with longer-term strategies to build back better in the aftermath of the pandemic.”

The scope and scale of existing programs is still limited. Most poverty-targeted schemes are failing to reach the poorest families and the pandemic risks further reversing progress to eradicate poverty by almost a decade. Many countries are also facing high levels of inequality, both in outcomes and opportunities, which the pandemic has exacerbated. Population ageing, migration, urbanization, natural disasters and climate change, as well as technological advancements are further compounding these challenges.

The report identifies significant underinvestment as one of the main factors for the huge coverage gap. Excluding health, many countries in the region spend less than 2 per cent of GDP on social protection. This low level of investment in people stands in stark contrast to the global average of 11 per cent. Another key reason is the high prevalence of informal employment in the region, representing close to 70 per cent of all workers.

“The COVID-19 crisis has exposed the precarious situation of many working women and men and especially those in the informal economy. There is a clear need for further investment in public social protection systems if we are to avoid the stagnation of social and economic progress made across the region in recent decades,” said Ms Chihoko Asada-Miyakawa, Regional Director ILO Regional Office for Asia and the Pacific.

Expanding social protection would have an immediate impact on reducing poverty, inequality and purchasing power disparities. For example, the proportion of households living in poverty would fall by up to 18 percentage points if governments were to offer basic child benefits, disability benefits and old-age pensions.

While the required investment of two to six per cent of GDP is significant, the report demonstrates that it is within the grasp of most countries. The report recommends governments to reprioritize existing resources, boost public revenues, tap into new technologies and embed social protection into national development strategies, underpinned by social dialogue.

The report was launched on the sidelines of the fifth Regional Conversation Series on Building Back Better. The high-level dialogue on “Social Protection: A Right for All, or A Privilege for a Few?” featured eminent personalities from across the region including Guy Ryder, ILO Director General; Mereseini Vuniwaqa, Minister of Women, Children and Poverty Alleviation, Fiji; Haiyani Rumondang, Director General for Industrial Relations and Worker’s Social Security, Ministry of Manpower; Sania Nishtar, Special Assistant on Poverty Alleviation and Social Safety to the Prime Minister, Pakistan; Kung Phoak, Deputy Secretary-General for ASEAN Socio-Cultural Community; Sarah Cook, Director, Institute for Global Development, University of New South Wales; and Michael Cichon, Professor Emeritus, Graduate School of Governance at UNU, Maastricht.

Read the full report: http://bit.ly/APSocialOutlook2020 

Continue Reading

Publications

Latest

Energy37 mins ago

Energy Research Platform Takes Central Stage under Russia’s BRICS Chairmanship

After the Ufa declaration in 2015, BRICS, an association of five major emerging economies that includes Brazil, Russia, India, China...

Eastern Europe3 hours ago

War in the Caucasus: One more effort to shape a new world order

Fighting in the Caucasus between Azerbaijan and Armenia is about much more than deep-seated ethnic divisions and territorial disputes. It’s...

Europe5 hours ago

A Recipe For The War

Authors: Zlatko Hadžidedić, Adnan Idrizbegović* There is a widespreadview that Germany’s policy towards Bosnia-Herzegovina has always been friendly. Also, that...

Southeast Asia7 hours ago

India-ASEAN relations under Vietnam Chairmanship of ASEAN

India has very recently come out with India-ASEAN Action Plan 2021-2025 alluding to the objectives for furthering its relationship with the...

Green Planet9 hours ago

COVID-19 has given a fillip to biodiversity

The COVID-19 outbreak caused many problems for the world, but in return gave the planet’s environment and biodiversity a chance...

EU Politics11 hours ago

EU interoperability gateway for contact tracing and warning apps

What is a coronavirus tracing and warning app? Most public health authorities in the EU have developed apps that support...

Reports13 hours ago

Half of Working Adults Fear for Their Jobs

In a new World Economic Forum-Ipsos survey of more than 12,000 working adults in 27 countries, more than half (54%)...

Trending