The energy transition will require the sector to adopt new service delivery models that leverage markets and disruptive technologies and adapt regulation and incentives to ensure sustainable change.
How does ESMAP plan to tackle the energy transition?
Utilities for the Energy Transition: Utilities and the regulatory environment need to adapt to leverage disruptive technologies
Energy Markets, Connectivity, Regional Trade (MARCOT): Trade enhances grid flexibility, enabling integration of renewable energy, and can lower costs of supply.
Energy Subsidy Reform Facility: Fossil fuel subsidy reform levels the playing field for renewable energy and energy efficiency, and bolsters utility finances while reducing the fiscal burden of the sector.
Closing Gender Gaps in Energy: Gender equality enables the sector to draw on the talents and potential of both men and women, as well as expanding the quality and reach of energy services.
Supporting Coal Regions in Transition: Climate targets require exiting coal, yet the human and social costs of transitioning are significant, requiring commensurate support and planning.