{"id":12876,"date":"2023-12-16T02:46:33","date_gmt":"2023-12-16T02:46:33","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/16\/the-cost-of-inaction-far-exceeds-the-cost-of-action-wef-president-on-the-great-energy-transition-of-our-time\/"},"modified":"2023-12-16T02:46:33","modified_gmt":"2023-12-16T02:46:33","slug":"the-cost-of-inaction-far-exceeds-the-cost-of-action-wef-president-on-the-great-energy-transition-of-our-time","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2023\/12\/16\/the-cost-of-inaction-far-exceeds-the-cost-of-action-wef-president-on-the-great-energy-transition-of-our-time\/","title":{"rendered":"\u2018The cost of inaction far exceeds the cost of action\u2019: WEF president on the great energy transition of our time"},"content":{"rendered":"<p class=\"paragraph inline-placeholder\">      Money talks, but nature may have the last word if climate change continues to unfold at current rates.  <\/p>\n<p class=\"paragraph inline-placeholder\">      The World Economic Forum (WEF) recently calculated that transitioning to a sustainable, carbon-neutral future would take $13.5 trillion in investment globally between now and 2050. It\u2019s a monumental figure, yet if industries like production, energy and transport can\u2019t be transformed, the true cost for humanity could be much higher.  <\/p>\n<p class=\"paragraph inline-placeholder\">      <em>The following interview has been edited for length and clarity.<\/em>  <\/p>\n<p class=\"paragraph inline-placeholder\">      B\u00f8rge Brende: There is no doubt that the cost of inaction far exceeds the cost of action when it comes to climate change. So we do have to act, but there\u2019s also a big energy transition taking place and there are several challenges at the same time.  <\/p>\n<p class=\"paragraph inline-placeholder\">      There\u2019s energy poverty \u2013 800 million people don\u2019t have access to electricity \u2013 there\u2019s energy security, and then there\u2019s a decoupling of growth in energy and CO2 emissions.<strong><\/strong>  <\/p>\n<p class=\"paragraph inline-placeholder\">      <strong>Is the Middle East headed in the right direction? What does this mean for the future?\u00a0<\/strong><strong><\/strong>  <\/p>\n<p class=\"paragraph inline-placeholder\">      Decarbonization has started in the Middle East. Some of the biggest solar plants in the world are being installed and established here in the Middle East, and especially in the GCC countries (United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait).  <\/p>\n<p class=\"paragraph inline-placeholder\">      Renewables will play a very important role in the energy transition that we will hopefully see in the coming decade. Also the price of renewables is falling dramatically \u00ad\u2013 solar power has fallen to one-tenth of the price in a decade, so that makes it also very competitive.  <\/p>\n<p class=\"paragraph inline-placeholder\">      <strong>Should events like this be considered an opportunity for sustainable development and economic growth?<\/strong><strong><\/strong>  <\/p>\n<p class=\"paragraph inline-placeholder\">      This event also focuses on the energy transition, and Qatar is a major exporter of liquid natural gas. We know that gas emits half (the carbon emissions) coal does. So in the energy transition, natural gas can also in many countries be a bridge between heavily emitting fossil fuels to a renewables-based society.  <\/p>\n\n<div>This post appeared first on cnn.com<\/div>","protected":false},"excerpt":{"rendered":"<p>Money talks, but nature may have the last word if climate change continues to unfold at current rates. The World Economic Forum (WEF) recently calculated that transitioning to a sustainable, carbon-neutral future would take $13.5 trillion in investment globally between now and 2050. It\u2019s a monumental figure, yet if industries like production, energy and transport <\/p>\n","protected":false},"author":0,"featured_media":12877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-12876","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/12876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=12876"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/12876\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/12877"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=12876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=12876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=12876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}