Energy Compacts

  • Energy Compacts (a platform to unite and connect commitments and actions):
  • Energy Compacts are being mobilized by UN-Energy and will continue to be mobilized and updated throughout the current Decade of Action.
  • These are ongoing or new commitments with clear, underlying actions that will advance progress on one or more of SDG7’s three core targets.
    • SDG7 calls for “affordable, reliable, sustainable and modern energy for all” by 2030.
    • SDG 7 three core targets: Access to energy, Renewable energy, Energy efficiency.
  • These are voluntary commitments from Member States and non-state actors, such as companies, regional/local governments, NGOs, and others.
  • Since affordable, clean energy is a prerequisite for achieving all other SDGs and the Paris Agreement, actions defined in an Energy Compact can be directly linked to Nationally Determined Contributions considered as SDG Acceleration Actions.

Recent Development

  • NTPC Limited has become the first energy company in the energy domain in India to declare its Energy Compact goals as part of UN High-level Dialogue on Energy (HLDE).
  • Dialogue was held 76th session of the UN General Assembly in September 2021 in New York
  • NTPC has set a target to install 60 GW of renewable energy capacity by 2032. It is also aiming at 10% reduction in net energy intensity by 2032.
  • NTPC has declared that it will form at least 2 international alliances/groups to facilitate clean energy research and promote sustainability in the energy value chain by 2025
UN-Energy
  • UN-Energy was established by the UN System Chief Executives Board for Coordination (CEB) in 2004 as the United Nations‘ mechanism for inter-agency collaboration in the field of energy.
  •  It seeks to act to support countries in achieving SDG7 and the interrelated goals of the Paris Climate Agenda and the broader SDG agenda.

Decade of Action

  • In September 2019, the United Nations General Assembly proclaimed the Decade of Action (2021-2030) to deliver the Sustainable Development Goals (SDGs) to accelerate efforts to deliver on the ambitious, universal and inclusive 2030 Agenda.







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