How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023 - BusinessMirror

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How Putin’s war and small islands are accelerating the global shift to clean energy, and what to watch for in 2023 - BusinessMirror
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The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak. Know more:

The year 2022 was a tough one for the growing number of people living in food insecurity and energy poverty around the world, and the beginning of 2023 is looking bleak.

But below the surface of almost weekly bad news, significant changes are underway that have the potential to create a more sustainable world—one in which humanity can tackle climate change, species extinction and food and energy insecurity. The main obstacles to the exponential growth in renewable energy, IEA points out, are antiquated energy policy frameworks, regulations and subsidies written at a time when energy systems, pricing and utilities were all geared toward fossil fuels.

Barbados Prime Minister Mia Mottley has brought together international financial institutions with think tanks and philanthropists to push for changes.

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