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Accelerating the Clean-Energy Revolution

The transition to a world powered by clean energy promises to reduce the risks of climate change, create business opportunities and jobs, realize cost savings for business and individuals, enhance energy security, and improve access to energy worldwide. The upcoming Clean Energy Ministerial in Seoul is the next step in fulfilling that promise.

SEOUL and WASHINGTON, DC – Around the world, more and more electricity is being generated by renewable energy sources such as solar and wind. Equipment, appliances, and buildings are being designed to cut energy waste. Millions of workers are being trained, and new clean energy jobs are being created. Sales of electric vehicles are setting records. And we are seeing a positive shift in public support for prudent action to address climate change and pursue clean energy.

This progress has been facilitated in part by the Clean Energy Ministerial (CEM), a voluntary and collaborative forum of energy ministers from 23 governments with the distinctive goal of accelerating the world’s clean-energy transition. Actions taken by these governments through the CEM’s 13 initiatives have achieved significant results.

Based on recommendations from the appliance efficiency initiative, for example, India became the first country in the world to set comprehensive performance standards for LED lights. Those standards are expected to save enough electricity to avoid the need for 90 coal-fired power plants – sparing the atmosphere 254 million tons of CO2. Likewise, through the energy access initiative, 2.7 million quality-assured off-grid solar lighting systems have been sold in Africa, extending health benefits to ten million people.

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    Adapting to a Fast-Forward World

    Mohamed A. El-Erian

    The world is going through a period of accelerating change, as four secular developments illustrate. Firms and governments must make timely adjustments, not only to their business models and operational approaches, but also to both their tactical and strategic mindsets.


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