The real issue at COP27 is energy equity
In the upcoming COP27, questions like energy poverty and global inequalities in energy access need to be addressed in its discussions.
Global energy Inequality
- Global energy poverty: The average per capita energy use of the richest 20 countries is 85 times higher than that of the 20 poorest countries.
- Electricity & Human Development: Countries with higher per capita energy consumption results in lower infant and maternal mortality rates and higher per capita of GDP.
- Soaring Energy Prices: Poor and vulnerable communities in the energy-importing countries of the global South suffer the most because of increased energy prices.
The hypocrisy of the global North
- The inaction of Global North: In the US, 81% of primary energy comes from fossil fuels. For Europe, the same is around 76%. But the level of decarbonization in the global North has been minuscule.
- Double Standards: Developed countries are estimated to increase their coal consumption, and on the contrary, they are banning the financing of fossil fuel projects in poor countries.