Climate change has been identified as one of the most daunting challenges facing the world in this century and it is particularly more serious in developing countries largely due to their geographic exposure, low incomes, greater reliance on climate-sensitive sectors and weak capacity to adapt to the changing climate (IPCC, 2007). The world's most in-depth analysis of the economic costs and opportunities of climate change is The Stern Review, a 700-page report released by former World Bank chief economist Lord Stern.
The report concludes that early action to reduce the impacts of GHG emissions could cost only two per cent of GDP, but it warns that the costs of delaying action will result in significantly higher economic costs - up to 20% of GDP. The world does not need to choose 8 between averting climate change and promoting growth and development. In fact, the solutions to climate change will also bring about many economic benefits
The 2015 Paris conference has, as one of its outcomes, the trajectory towards more interventionist policies aimed at reducing emissions. Energy production and use has been known to contribute to over 50 per cent of the total GHG emission. Modern energy services are crucial to human well-being and to a country’s economic development; and yet globally over 1.3 billion people are without access to electricity and 2.6 billion people are without clean cooking facilities. More than 95 per cent of these people are either in Sub-Saharan African or developing Asia and 84 per cent are in rural areas.
It is against this background that ELCI together with its partners will continue to play a role in supporting policy processes to develop and achieve set targets while as the same time, as a lobby group, ELCI will embark on determined advocacy on climate change with a view of facilitating a faster de-carbonisation pathway. In order to embolden CSO role, ELCI will support development of community owned and managed business in the sector renewable energy/energy efficiency (RE/EE) technologies and use the lessons to upscale efforts towards climate change adaptation and mitigation.
Climate Change and Energy Projects