The latest RISE report found that improvements in renewable energy policies were most significant in the countries with the largest energy consumption. The percentage of countries establishing advanced policy frameworks for energy efficiency grew more than ten-fold between 2010 and 2017. Among countries with large electricity access gaps, 75% have put in place policies and regulations needed to expand energy access.
But there is still large room for improvement in overcoming significant barriers to global progress on sustainable energy. Policies to decarbonize heating and transportation, which account for 80% of global energy use, continue to be overlooked.
Among the SDG7 target areas, clean cooking continues to be the most neglected and underfunded by policymakers. While the report finds some evolution in policy frameworks since 2010, there has been little progress on the setting of standards for cookstoves or on consumer and producer incentives to stimulate the adoption of clean technologies.
RISE is an important tool to help governments assess whether they have the necessary policy and regulatory frameworks in place to drive progress on the energy transition. It enables governments to measure their performance against regional and global peers. The report can also be used by the private sector to identify investment opportunities for sustainable energy projects, products and services in national markets.