Abstract:

Governments, businesses and citizens around the globe are facing the challenge of climate change and how to accelerate the global clean energy transition to reach net zero emissions by 2050 at the latest. Governments and citizens need to act now, with increased ambition, to adopt policies and programmes aimed at the delivery of clean energy transitions. Central to reducing energy-related emissions are the move away from fossil fuel use to electrified systems; significant and sustained improvements in energy efficiency; and an increase in renewable electricity generation capacity. Implementing the required solutions comes with substantial challenges for governments and policy makers. As our energy system progressively electrifies, the need for increased system flexibility and demand-response measures becomes essential in delivering a secure, reliable and affordable energy future. This report guides policy makers towards the development of policies that incorporate flexibility and engagement levers to hasten the delivery of the energy system required for clean energy transitions.