How to accelerate the energy transition in developing economies

Jan 25, 2021

Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. Picture taken May 20, 2020. REUTERS/Mike Hutchings - RC272H90E73R

Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. Image: REUTERS/Mike Hutchings

Donald Perry Kanak

Chairman, Prudential Insurance Growth Markets (2020–2022); Chairman, Prudence Foundation (2015–2022), Prudential

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The Davos Agenda 2021

Figure 1: Global greenhouse gas emissions and warming scenarios

Figure 1: 0Global greenhouse gas emissions and warming scenarios

Figure 2: Coal still dominates outside of the US and Europe Image: BP Statistical Review of World Energy

Figure 3: Coal-fired electricity still overwhelms renewables in many developing countries Image: BP Statistical Review 2020, Ember Global Electricity Review 2020

Figure 4: Schematic of an energy transition mechanism Image: Author’s illustration

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Figure 5: How ETM dramatically accelerates demand for renewables Image: Author's illustration

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