from the world's big
These countries are leading the transition to sustainable energy
Sweden tops the ranking for the third year in a row.
What does COVID-19 mean for the energy transition? While lockdowns have caused a temporary fall in CO2 emissions, the pandemic risks derailing recent progress in addressing the world's energy challenges.
The current state of the sector is described in the World Economic Forum's Energy Transition Index 2020. It benchmarks the energy systems of 115 economies, highlighting the leading players in the race to net-zero emissions, as well as those with work to do.
With pressure to get idle economies back to “normal", the short-term shift to a more sustainable energy sector could be in doubt. But the current crisis also presents an opportunity to rethink how our energy needs are met, and consider the long-term impact on the planet.
The past decade has seen rapid transformations as countries move towards clean energy generation, supply and consumption. Coal-fired power plants have been retired, as reliance on natural gas and emissions-free renewable energy sources increases. Incremental gains have been made from carbon pricing initiatives.
Since 2015, 94 of 115 countries have improved their combined score on the Energy Translation Index (ETI), which analyzes each country's readiness to adopt clean energy using three criteria: energy access and security; environmental sustainability; and economic development and growth.
But the degree of change and the timetable for reaching net-zero emissions differ greatly between countries, and taken as a whole, today's advances are insufficient to meet the climate targets set by the Paris Agreement.
WEF Fostering Effective Energy Transition 2020 edition
The 10 countries most prepared for the energy transition
Sweden tops the overall ETI ranking for the third consecutive year as the country most ready to transition to clean energy, followed by Switzerland and Finland. There has been little change in the top 10 since the last report, which demonstrates the energy stability of these developed nations, although the gap with the lowest-ranked countries is closing.
Top-ranked countries share a reduced reliance on imported energy, lower energy subsidies and a strong political commitment to transforming their energy sector to meet climate targets.
The UK and France are the only two G20 economies in the top 10 however, which is otherwise made up of smaller nations.
Powerful shocks Outside the top 10, progress has been modest in Germany. Ranked 20th, the country has committed to phasing out coal-fired power plants and moving industrial output to cleaner fuels such as hydrogen, but making energy services affordable remains a struggle.
Kevin Frayer/Getty Images
China currently has the world's largest solar PV capacity
China, ranked 78th, has made strong advances in controlling CO2 emissions by switching to electric vehicles and investing heavily in solar and wind energy - it currently has the world's largest solar PV and onshore wind capacity. Alongside China, countries including Argentina, India and Italy have shown consistent strong improvements every year. Gains over time have also been recorded by Bangladesh, Bulgaria, Kenya and Oman, among others.
But high energy-consuming countries including the US, Canada and Brazil show little, if any, progress towards an energy transition.
In the US (ranked 32nd), moves to establish a more sustainable energy sector have been hampered by policy decisions. Neighbouring Canada grapples with the conflicting demands of a growing economy and the need to decarbonize the energy sector.
The COVID-19 pandemic serves as a reminder of the impact of external shocks on the global economy. As climate change increases the likelihood of weather extremes such as floods, droughts and violent storms, the need for more sustainable energy practices is intensified.
Policy-makers need to develop a robust framework for energy transition at local, national and international levels, capable of guarding against such shocks.
"The coronavirus pandemic offers an opportunity to consider unorthodox intervention in the energy markets, and global collaboration to support a recovery that accelerates the energy transition once the acute crisis subsides," says Roberto Bocca, Head of Energy & Materials at the World Economic Forum.
"This giant reset grants us the option to launch aggressive, forward-thinking and long-term strategies leading to a diversified, secure and reliable energy system that will ultimately support the future growth of the world economy in a sustainable and equitable way."
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Got $55 million lying around? If so, you might be able to score a spot aboard the International Space Station starting 2024.
- NASA awarded a contract to startup Axiom Space to attach a "habitable commercial module" to the International Space Station.
- The project will also include a research and manufacturing module.
- The move is a major step in NASA's years-long push to privatize.
Image: Axiom Space<p>But first, space-tourist-hopefuls would have to pass through physical and medical exams, and 15 weeks of expert training. After that, the trip sounds pretty comfy:</p><p>"There will be wifi," Suffredini <a href="https://www.nytimes.com/2018/06/09/style/axiom-space-travel.html" target="_blank">told the New York Times</a> last year. "Everybody will be online. They can make phone calls, sleep, look out the window. [...] The few folks that have gone to orbit as tourists, it wasn't really a luxurious experience, it was kind of like camping. [...] Pretty soon we're going to be flying a butler with every crew."</p>
A render of the ISS tourist experience.
Image: Axiom Space<p>In a blog post, NASA wrote:</p><p>"Developing commercial destinations in low-Earth orbit is one of <a href="https://www.nasa.gov/press-release/nasa-opens-international-space-station-to-new-commercial-opportunities-private" target="_blank">five elements</a> of NASA's plan to open the International Space Station to new commercial and marketing opportunities. The other elements of the five-point plan include efforts to make station and crew resources available for commercial use through a new commercial use and pricing policy; enable private astronaut missions to the station; seek out and pursue opportunities to stimulate long-term, sustainable demand for these services; and quantify NASA's long-term demand for activities in low-Earth orbit."</p>
NASA's push to privatize the ISS<p>When a Russian rocket launched the first module of the ISS into space in 1998, NASA expected the space station to operate for about 15 years. But the agency has extended the life of the ISS twice, with funding currently set to expire in 2024. NASA spends between $3 and $4 billion per year operating and shuttling astronauts to and from the station. That's a decent chunk of the agency's $22.6 annual budget. What's more, the "major structural elements" of the ISS are certified only through 2028.</p><p>Meanwhile, NASA has been eyeing other projects, namely: putting humans back on the moon in 2024 and establishing a lunar presence. So, to save and redirect money, the agency has been starting to hand over the aging space station to the private sector, which could use it for commercial research and space tourism.</p><p>But some have questioned the move to privatize the ISS, including NASA's own inspector general, Paul K. Martin.</p><p>"An obvious alternative to privatization is to extend current ISS operations," Martin wrote in a <a href="https://oig.nasa.gov/docs/CT-18-001.pdf" target="_blank">2018 report</a>. "An extension to 2028 or beyond would enable NASA to continue critical on-orbit research into human health risks and to demonstrate the technologies that will be required for future missions to the Moon or Mars."</p>
Image: Axiom Space<p>Martin noted that "research into 2 other human health risks and 17 additional technology gaps is not scheduled to be completed until sometime in 2024," meaning that any slip-ups in the process would mean such research might go uncompleted. He also wrote that it's "questionable" whether the private sector could turn a profit on the ISS without "significant" government funding. The Institute for Defense Analyses, a federally funded research and development center, <a href="https://docs.house.gov/meetings/SY/SY00/20180517/108302/HHRG-115-SY00-Wstate-LalB-20180517.pdf" target="_blank">also found</a> that it "is unlikely that a commercially owned and operated space station will be economically viable by 2025."</p><p>The implication is that, if the ISS is handed over to the private sector, taxpayers could end up indirectly supporting space tourism for the ultra-rich. Whether that's worth any of the research benefits that might come from the ISS post-2024 is anybody's guess.</p><p>As the ISS enters its final years, China <a href="http://www.xinhuanet.com/english/2019-10/17/c_138479514.htm" target="_blank">plans</a> to complete construction of a manned space station in 2022.</p>
The coronavirus pandemic has brought out the perception of selfishness among many.
- Selfish behavior has been analyzed by philosophers and psychologists for centuries.
- New research shows people may be wired for altruistic behavior and get more benefits from it.
- Crisis times tend to increase self-centered acts.
Paul Krugman on the Virtues of Selfishness<div class="rm-shortcode" data-media_id="7ZtAkm6C" data-player_id="FvQKszTI" data-rm-shortcode-id="828936bf6953080e9018307354c0c02b"> <div id="botr_7ZtAkm6C_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/7ZtAkm6C-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/7ZtAkm6C-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/7ZtAkm6C-FvQKszTI.js"></script> </div> The Nobel Prize-winning economist on the virtues of selfishness.
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Exploring Morality and Selfishness in Modern Times<div class="rm-shortcode" data-media_id="02eX1Cag" data-player_id="FvQKszTI" data-rm-shortcode-id="45cc6180db791f32683988fb52faff26"> <div id="botr_02eX1Cag_FvQKszTI_div" class="jwplayer-media" data-jwplayer-video-src="https://content.jwplatform.com/players/02eX1Cag-FvQKszTI.js"> <img src="https://cdn.jwplayer.com/thumbs/02eX1Cag-1920.jpg" class="jwplayer-media-preview" /> </div> <script src="https://content.jwplatform.com/players/02eX1Cag-FvQKszTI.js"></script> </div> Philosopher Peter Singer discusses the state of global ethics.
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