Key steps for a secure energy transition
Clean energy investment and energy efficiency are key to overcome today's crisis
1
Synchronise scaling up a range of clean energy technologies with scaling back of fossil fuels.
2
Tackle the demand side and prioritise energy efficiency
Global energy security cannot be achieved without everyone on board
3
Reverse the slide into energy poverty and give poor communities a lift into the new energy economy
4
Collaborate to bring down the cost of capital in emerging market and developing economies
The transition away from oil and gas needs to be handled with care
5
Manage the retirement and reuse of existing infrastructure carefully, some of it will be essential for a secure journey to net zero
6
Tackle the specific risks facing producer economies
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New vulnerabilities emerge as the world builds a clean energy system
7
8
Invest in flexibility, a new watchword for electricity security
Ensure diverse and resilient clean energy supply chains
9
Foster the climate resilience of energy infrastructure
Governments have to take the lead but cost-effective transitions also need well-functioning markets
10
Provide strategic direction and address market failures, but do not dismantle markets
