Annual Monitoring Review 2022
Despite the significant headwinds of the ongoing COVID-19 pandemic and the economic fallout of the war in Ukraine, this report shows solid progress towards our mission of ensuring access to affordable, reliable, sustainable and modern energy for all, as articulated in SDG7. We played a central role in some exciting positive developments in the energy sector, including helping to mobilize new finance and investment, supporting stronger sector coordination, and partnering ever more closely with countries that face the world’s greatest energy-related challenges, and opportunities.
Context
- Stronger action and investments are needed to achieve universal access to electricity, with progress uneven
- Lack of clean cooking will persist on a large scale at the current rate of progress
- The current share of renewables is 17.7% globally, but modern renewables (excluding the use of traditional biomass) have a share of only 11.5%
- Energy efficiency shows a similar level of regional disparity
- Africa – least efficient (5.5 MJ/USD GDP); LAC – most efficient (3.3 MJ/USD GDP)
- The number of people at risk from a lack of access to cooling has increased by 132 million people
- Voluntary carbon markets (VCMs) are growing fast and becoming a crucial decarbonization tool
- For powering healthcare facilities, grid extension will not be enough to meet Sustainable Development Goal 7 (SDG7)
