The share of cap- ital allocated to ěãÖãØÞãÜéçÖãèÞ - tions stands at: 99% to the Global North and 1% to the Global South. The total needed for climate adap- éÖéÞäãěãÖãØÞãÜÞè estimated at $4.3 trillion. $4.3 tr 99 % 1 %
How is the World Energy Council helping? The council promotes a human- ising energy action agenda and is pivotal in facilitating faster, fairer and more far-reaching energy transitions in all regions. Initiatives include the following. Building holistic dialogue to unlock finance for just energy transitions. Most new energy projects fail due to coun- try and project risk. Last year’s United Nations climate conference failed to reach agreement on mechanisms for pricing carbon. De-risking the private capital needed for the energy transi- tion in developing countries and new risk allocation mechanisms are vital in unlocking finance for a wider set of energy transition solutions. The World Energy Council is conven- ing global finance – including listed, private and sovereign sources of capital, insurance and banks on all continents – with an equivalent diversity of energy transition leaders, to forge new cata- lytic partnerships, as it prepares for its next congress, hosted by Saudi Arabia in October 2026. Measuring performance improvements, which can be help reset yardsticks for environmental, social and corporate gov-
ernance . The lack of a globally recognised environmental, social and governance taxonomy and disclosure standards hinders efforts to scale up the necessary finance. For over two decades, the council has been measuring progress in energy for sustainable development and helping to improve perfor- mance, leading to best practices through the World Energy Trilemma Index and Framework. The Covid-19 crisis reminded us that energy systems’ resil- ience extends beyond assets to people and communities. Modern energy systems need to be resilient to climate change impacts and new energy shocks, such as extreme weather events, demand destruction and digital disruptions. We are promoting a new approach to dynamic resilience and new World Energy Scenario foundations to stress test combina- tions of policies, incentives and collaboration choices. Looking beyond ‘green jobs’ to elevate more inclusive and intergenerational approaches to capability developments. Assumptions of ‘old for new’ job equivalence are question- able, with unclear implications for wages, affordability and decent livelihoods. Politics and number games need to be put aside to address the wider capabilities and skills transitions essential to securing any return on investment. For 40 years, the council has persisted in building vibrant Future Energy Leaders programmes, including Women in Energy and Kids in Energy, and enabling start-up energy tran- sition entrepreneurs to acquire the attention they need in all regions. We are actively invested in developing the intergen- erational skills and wider capabilities needed to make faster, fairer and more far-reaching energy transitions happen. The World Energy Council is committed to helping the world work together to build momentum in making better energy tran- sitions happen.
Æ ANGELA WILKINSON ¿ç¼ãÜÚáÖÒÞáàÞãèäãÝÖè×ÚÚãèÚØçÚéÖçîÜÚãÚçÖáÖãÙ¾ÀÊäÛéÝÚÒäçáÙÀãÚçÜî¾äêãØÞáèÞãØÚ %ÎÝÚÝÖèäëÚç !îÚÖçèäÛÚíåÚçÞÚãØÚÞãáÚÖÙ - ÞãÜãÖéÞäãÖáÖãÙÞãéÚçãÖéÞäãÖáâêáéÞèéÖàÚÝäáÙÚçéçÖãèÛäçâÖéÞäãÞãÞéÞÖéÞëÚèäãÖìÞÙÚçÖãÜÚäÛÜáä×ÖáÚãÚçÜîØáÞâÖéÚÖãÙèêèéÖÞãÖ×áÚÙÚëÚáäåâÚãé çÚáÖéÚÙØÝÖááÚãÜÚèËçÚëÞäêèçäáÚèÞãØáêÙÚ×äÖçÙáÚëÚáÖãÙèÚãÞäçÚíÚØêéÞëÚçÚèåäãèÞ×ÞáÞéÞÚèÞãéÝÚåê×áÞØåçÞëÖéÚÖØÖÙÚâÞØÖãÙØÞëÞØèÚØéäçè She is also a published author. @WECouncil : www.worldenergy.org
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