High-level Dialogue results in global roadmap for universal energy access and energy transition backed up with new commitments of more than $400 billion
On 24 September 2021, more than 130 global leaders, including Heads of State and Government, Ministers, executive heads of UN entities and international organizations, CEOs and other multi-stakeholder representatives, joined the High-level Dialogue on Energy, announcing ambitious targets, transformational actions and bold investments towards achieving universal energy access and net-zero emissions.
One of the main outcomes of the Dialogue is the first-ever global roadmap for accelerated SDG 7 action which presents a clear strategy for the achievement of universal energy access and energy transition by 2030, including a set of concrete and practical milestones.
In support of these objectives, more than US$400 billion in new finance and investment was committed by governments and the private sector in the form of Energy Compacts announced during the Dialogue and multi-stakeholder Energy Action pre-events on 22 and 23 September. The commitments made aim to provide hundreds of millions of people with clean energy access and speed-up energy transition while creating green jobs to leave no one behind.
While the commitments announced were a significant step forward, it was also acknowledged by participants that far more is needed to address energy poverty and decarbonization of energy systems.
The first leader-level meeting on energy under the auspices of the UN General Assembly in 40 years, the Dialogue aimed to boost efforts to provide energy access by 2030 to the nearly 760 million people still lacking electricity and the 2.6 billion without clean cooking fuels and technology, while setting the world on a trajectory towards net-zero emissions by 2050.
In preparation of the High-level Dialogue, Technical Working Groups made up of over 160 multi-stakeholder experts elaborated key policy recommendations and milestones. Each Working Group was led by 3-4 intergovernmental organizations with particular expertise in the respective area. The outcomes of these expert deliberations are captured in five Theme Reports.
Inclusive, far-reaching preparatory process
The Dialogue was informed by the involvement of many people representing a wide range of constituencies. Thirty Member States engaged early on as Global Theme Champions to spearhead advocacy efforts on their respective themes. Global online multi-stakeholder consultations resulted in a report with an overview of issues raised. Finally, the Ministerial Thematic Forums virtually gathered over 1500 participants to discuss inputs to the Dialogue.