Op-Ed: Global Governance and African Reality (Kandeh Yumkella)

thursday, 17 may 2012

There are few hotter topics on the international agenda than sustainability. The theme has been a mainstay of international conferences, and the biggest of them all — the UN’s Rio+20 conference — will begin just over a month from now. Kandeh K. Yumkella, head of UNIDO, the UN agency that promotes industrial development, explains what’s at stake for Africa.

Read more on TheGlobalist.com.

The report, entitled “Industrial Energy Efficiency for Sustainable Wealth Creation: Capturing Environmental, Economic and Social Dividends”, is UNIDO’s contribution to the Sustainable Energy for All initiative launched by United Nations Secretary-General Ban Ki-moon. The initiative aims to achieve by 2030 three inter linked targets: universal access to modern energy services; the doubling of energy efficiency; and the doubling of the share of renewable energy in the world’s energy supply.

The Industrial Development Report argues that industrial energy efficiency is key to sustainable industrial development, especially in developing countries. It calls for investing in energy-efficient technologies in order to provide the economic, environmental and social dividends that will help achieve sustainable growth. 

The report says that energy consumption could grow even faster as developing countries reduce the income gap and grapple with growing populations demanding more manufactured products. This makes it imperative to remove barriers that currently impede energy efficiency investments.