From Cost to Value
We no longer live in an age where net-zero carbon solutions can be achieved simply through economic growth and sustainable policies that give rise to clean industries. To make a real difference, we need to shift political focus from cost to value.
Policymakers must make decisions based on system value to realistically measure the impact of policies by taking into consideration not just the cost of energy, but also the broader impacts, encompassing emissions, water footprint, air quality and human health, job creation, energy access and resilience.
Adopting the System Value Approach gives us a more holistic evaluation of the economic, environmental, social and technical outcomes of policies and investments decisions.
Studies undertaken by WEF’s Electricity Industry Action Group, proves that an acceleration of a Sustainable Energy Transition can really pay off by delivering a higher net benefit than continuing on our current path.