Accessible and Sustainable Energy for all through CSR Initiatives
Electricity is the lifeblood energizing and empowering numerous aspects of our daily lives. Its pervasive presence enables essential functions that drive progress and prosperity from homes and schools to hospitals and businesses. However, over 1 billion people worldwide still lack access to electricity, and many more have limited access. The absence of electricity infrastructure impacts education, healthcare, economic growth, and social development. The United Nations’ Sustainable Development Goal 7 (SDG7) aims to provide sustainable and affordable energy for all by 2030 because accessible electricity is an indispensable catalyst for sustainable economic growth and poverty alleviation.
Several companies are making significant efforts towards promoting accessible electricity through CSR initiatives.
For example, Enel is an Italian multinational energy company focused on sustainable development. The company has several initiatives to help achieve SDG 7, ensuring access to affordable, reliable, sustainable, and modern energy for all.
Another example is Schneider Electric India Foundation has implemented several initiatives to achieve SDG 7.
Sustainable and affordable energy has several social and environmental benefits:
Several challenges and barriers hinder the achievement of SDG7:
The future of sustainable and accessible energy is promising. The development of renewable energy sources such as wind and solar power has become increasingly cost-effective. Additionally, advancements in energy storage technology have made it possible to store renewable energy for use during low production. As the world prioritizes sustainable and affordable energy, more progress will likely be made toward achieving SDG 7.
Read More: Tackling Clean Water Scarcity: Indian Companies Embrace CSR Initiatives in Support of SDG 6
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