World ‘must move faster to reach green goals’

The world must move faster to reach its 2030 green energy targets. That’s according to a new report from the World Bank which tracks the progress of its ‘Sustainable Energy for […]

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The world must move faster to reach its 2030 green energy targets.

That’s according to a new report from the World Bank which tracks the progress of its ‘Sustainable Energy for All’ (SE4All) scheme.

It looked at three goals: providing universal energy access, doubling the global rate of improvement in energy efficiency and doubling the share of renewable energy in the global energy mix.

The World Bank stated: “Renewable energy generation and energy efficiency improvements will need to accelerate dramatically.”

However it also revealed progress has been made as the share of modern renewable energy grew at 4% a year between 2010 and 2012.

Renewable sources, including solar, wind and hydro, made up 8.8% of the total global energy consumption in 2012.

“Still, to meet the 2030 SE4All objective, the annual growth rate for renewable energy needs to be closer to 7.5%”, it said

The paper found 1.1 billion people in the world still live without electricity and almost three billion cook using polluting fuels like kerosene, wood, charcoal and dung.