Challenges and Strategies for Achieving Sustainable Development Goals Through Sustainable Energy Pol

Accessing Sustainable, Affordable, Reliable, and Modern Energy Globally

Almost Four Years Have Passed Since The Sdgs Were  Launched. Has Any Progress Been Made In Implementing The Sdgs? How Are Different

Regions And Countries Performing And What Lessons Are Emerging To Take The Agenda  Forward? As The World Is Urbanising Rapidly, a Special Attention On  Sustainable Urban Areas Is Essential To Support The Objectives Of Sustainable

Development. How Are Cities Doing In Terms Of Sustainability? Are Their Strategies And  Plans Well Aligned To Deliver The Sdg Targets?

The Paris Agreement Has  Called For Accelerated Global Emissions Reduction To Fight The Climate Challenge. How Will Deep Decarbonisation Options Influence Sustainable Development At The National Or  Global Level?

In today’s business world, every company think towards sustainable future. Sustainable development according to the UN (United Nations) is where individuals, communities and environment needs are met without compromising generations of future with ability in present for meeting self-needs. Also, it requires basic needs to be met with aiming to provide opportunities for leading better and healthy life (Pandey, et al., 2017). Economic development and growth is required to match with limits of environment and ecology as needed by sustainable development and for long-term sustainability. So, sustainable development is a process of change as a whole with using resources, technological development orientation, investment and institutional changes. It is done to enhance future and current potential for meeting human aspirations and needs. Thus, one sustainable development goal (SDG) that requires in businesses to explore and work on as an opportunity is to make sure of accessing sustainable, affordable, modern and reliable energy (Reubold, 2014). In this paper, the issue affecting sustainable development is analysed that is “current sustainable energy policies failure announced by the governments in businesses to achieve energy-related SDGs across the globe”. Further, the discussion is based on ways created to make future sustainable along with strategies required for achieving objectives to develop and progress with promoting innovative ways related to sustainable development.

In business, explaining, aligning and measuring actions against SDGs offering structure so to operate with responsibility and delivering economic, social and environmental impacts positively. It is essential to create sustainable future that requires ways to achieve the goal globally, take actions related to it and collaborate with the same as well. After globalization, business’s complexity is increasing in relation to evolvement considering organisational cultures and structures (Gielen, et al., 2019). It includes new ways based on value within the role of accountability and transparency in business. Hence, it requires innovation for making business renewable by using resources in the areas of transport and heat. Government takes an action by facilitating infrastructure with good practice and commitment to public for renewable energy and clean future transitioning. For instance, companies such as Octopus Energy making innovation enables solar installations through Smart Export Guarantee to support businesses (SDGs, 2019). The initiative of sustainable energy is for promoting targets to access energy and clean energy encompassing goals globally. It consists of making sure about the accessibility to sustainable, affordable, reliable and modern energy as a whole. However, the possibility of doing it is can be utilising technologies along with combating decarbonisation acceleration and carbon emissions across the globe. The barrier based on this is efficiencies and costs that are increasing the uptake of energy systems sustainably in the businesses.

Barriers to Sustainable Energy Policies and Strategies for Overcoming Them

In future, making it sustainable within the perspective of energy is to accelerate it by using renewable energy efficiently and through technologies for transitioning and synergies. Across the globe, it is essential to reduce the greenhouse gas emissions along with limiting average surface temperature increment globally. Further, regulatory frameworks and enabling policy is done for mobilisation to make adjustment while accelerating renewables growth as needed. It is important to eliminate carbon dioxide emissions eventually with the need of more innovation and new technology related to manufacturing and transport areas particularly. Thus, there is high requirement of infrastructure issues emergence consisting charging infrastructure and other area combining effects. In the world, there is strong evolution at large based on the reason of information advancement and communication technologies where the knowledge technologies setting are relied on power, productivity and competition (Owusu, et al., 2016). Moreover, there is need for energy because of services related to satisfying human economic and social development with health and welfare increment. And so, this is the reason of introducing policies based on current sustainable energy for the achievement of goal in business across the globe. The opportunities for future while playing the role of sustainable energy is related to renewable energy sources consists of Climate Change Mitigation, Energy Security, Economic and Social development, Energy Access, and health and environmental impacts reduction. Nevertheless, there are challenges as well including failure of businesses in the market with lack of information, daily carbon footprint, and raw materials accessibility for renewable resource deployment in future (McCollum, et al., 2018). Thus, some policies are recommended and measures are taken considered for goal achievement related to renewable energy to climate change mitigation, emissions reduction and providing clean energy and clean environment for future.

In today’s time, there are many businesses that already planned for embarking sustainable energy for achieving the objectives that are “doubling the share of renewable energy in the global energy mix, ensuring universal access to modern energy services, and doubling the global rate of improvement in energy efficiency”. The barriers faced are related to technical, financial, and political while towards achieving the objectives by focusing on action mobilization, voice, and convening power with facilitation new public-private partnerships (Accenture, 2012). The strategies related to sustainable energy as a whole in businesses are for value creation, growth, and innovation that require alignment. There is a corporate strategy in terms of businesses with market expansion and growth strategies. Though, the challenge faced by businesses while strategic goals advancement significantly to pursue the agenda of sustainable energy is complex due to involvement of players ecosystem along with internal stakeholders in the company and the governments. In the world, to attain opportunities for work requires to align strategies for future deployment and development. This helps in close alignment as there is gain of energy access, demanding products and services by populations, and economic and capital growth in the economy for the requirement of more energy (Schwalbach, 2016). Thus, providing energy will help in population growth while opening large markets in doing businesses. Access to energy in provided for minimizing impacts in a sustainable way to the environment and investments long-term value maximisation.

Renewable Energy Sources for Climate Change Mitigation and Reduction of Environmental Impacts

For driving the value, external factors that are economic and regulation context extent, business model of the company, consumer base, and corporate strategy will impact the actions particularly chosen in business. Moreover, there are energy-efficiency strategies for offsetting high costs that can be caused by energy prices rise with the opportunity of transforming core operations as well along with energy efficiency improvisation and sustainable energy innovations. Along with renewable energy strategies adopted in businesses helps in increasing energy efficiency or its development (Pickl, 2019). Further, sustainable strategies are business strategies worked smartly even in case of energy where addressing sustainability and environmental issues in relation to businesses is easier to attain a competitive advantage sustainably wit quantifiable benefits. Sustainable energy strategies helps in examining the profit and growth opportunities through businesses by execution of projects related to renewable energy above their competitors with advantages. These strategies results in businesses becoming green while moving towards a sustainable future. Renewable energy is one of the most effective and efficient solution for achieving the goal of sustainable energy in businesses across the globe. There is economic benefit as well while executing the relatable projects with the initiative of lowering energy costs and green marketing benefits while using energy generation practice broadly through more profits than competitors and innovation (Shojaeddini, et al., 2019). It requires both investments and renewable energy strategies for within the businesses majorly in energy industry.

Sustainable development can be achieved through energy efficiency operations with business model and financing strategy using utilities. In the company, adoption of business strategies and activities is what sustainable development is where the needs of stakeholders and businesses are met while enhancing, protecting and sustaining the natural and human resources for future consisting waste strategy as well (Winston, et al., 2017). Moreover, there are green strategies planned for devoting resources in businesses significantly along with financial and competitive strategies for establishing sustainable development objectives against the targets. Also, with ensuring constant business strategies after SD objectives are attained where some requires modification as well as per the governments for better performance. Further, it is essential to measure performance with the execution of strategies and policies without any failure while evaluating, monitoring and making decisions (Harrison, 2018). Thus, strategy is executed for preventing operations affected, information and management systems, and reporting for achieving the goal of sustainable energy in future required in businesses. Though, there are challenges as well across the globe while transitioning into low-carbon while investing in renewable energy.

Strategies for Businesses to Effectively Transition to Sustainable Energy and Mitigate Environmental Impacts

In recent times, the challenge faced businesses is the increased share of renewable energy in the transport and heath sectors with high energy consumption globally. In the governments, there are some failures across developing and developed countries in terms of businesses. There is a burden universally where there is major need of supporting and seeking leadership with commitment, transparency, sincerity and ability to achieve inclusive and sustainable development. Further, there is a constant transforming humanity of technology with key cultural, economic and social inequalities and differences all over (Kattumuri, 2019). So, this requires targeting globally with strategies, planning processes and policies over transformation to execution. Another challenge is growth engine fulfilment is not possible without development thus energy is critical and individuals without any energy accessibility are deprived even in the case of businesses for attaining opportunity to make a progress globally. So, the aim is to make the imbalance correct by making sure that everyone can afford, rely and can use modern energy services in future by 2030, so does businesses (UN, 2020). Lastly, the common challenge that requires discussion is making sure in businesses about the sustainable, affordable, modern and reliable energy accessibility to each and every one which is not possible without contributing in energy efficiency improvisation and using renewable energy promotion through financing sustainable projects.

Governments are challenged of current sustainable energy policies failure that was established to achieve the SDG of energy in businesses across the globe. This required taking action and making decisions for solving the problem by working in the businesses together. Further, it is essential for the stakeholders to work together at the right time and place to coordinate in case of energy while addressing the needs. Thus, governments and businesses together need to build accountability and ensure responsibility to take action against it and make progress towards sustainable future with goal achievement (Patterson, 2015). It requires proper policies to meet the challenge of high amount fuel usage in animal products transportation and the livestock generating high carbon emissions. Moreover, there are many more challenges while achieving sustainable energy for development with the areas emphasized by policy innovations and requires to provide clean, reliable and resilient energy by 2030 (Adhikari, 2018). Initiative for Sustainable Energy Policy (ISEP) was launched to address change in policies for the delivery of sustainable energy. The policy advanced to achieve the goal for sustainable future is making progress in identification of individuals without electricity accessibility but requires developing business models for delivering electricity with the identification of finance level as well. Secondly, there was an increase in productivity of energy with the requirement of government approach in total supporting the highest levels. There was an issue that needed to make efforts in enhancing industrial-use efficiency and using it for new and existing buildings along with retrofitting and appliance efficiency increment to address. Thirdly, policy use in carbon use, storage or capture as the most exciting area to be attentive for, also coal mining vocation encompassing advantages focusing on transition policies identification addressing the coal mining communities’ needs. In relation to finance, there was a need for infrastructure where the challenge was to tolerate the risks of development banks so the “Energizing Finance” published to achieve the goal and know its flowing in relation to finance (Wagner, 2017).

Challenges and Opportunities for Growth by Transitioning to Renewable Energy Sources

To achieve the goal of SD requires planning transparency and institutions for addressing in future where there is a need of policy. It consists of subsidies reduction and allowing developing countries for making progress emphasizing regulators, investors and shareholders required to be together. Lastly, it is important to pursue the policies embracing inclusivity and universality principles with the need of considering and ensuring services performance. The challenge in all over within environmental, social, and economic aspects of sustainability in energy related to businesses. Moreover, providing services linked to energy is required to avoid lack of access situation and economic growth sustainability consists of services such as development and growth constrain as a central objective of policy especially in case of developing countries (Adesina, et al., 2017). It requires capital investments and substantial resource with the challenge of energy services accessibility expansion revolving around issues of distribution and social equity along with inadequate global resources or technologies reduction.

To recommend, it is essential to find solutions for the failure of current sustainable energy policies established by the governments for businesses globally with the achievement of SDG related to energy. It is essential to make growth in relation to reduction of emissions and improving the quality for development for future. No doubt, environmental and cultural factors are important to consider for SD in long-term attainment of ecological sustainability. There should be adoption of policies with the fast change of situations along with designing further strategies to strengthen ecosystem integrity and resilience with the society’s ability to adapt. There can be uncertainty but formulation of environmental policy under the governments includes the possibility of moving forward with improvisation (Ketchell, 2017). Moreover, there should be promotion of using more coal in businesses and budget cuts while creating innovations helping in making the world sustainable. Lastly, for elaborating sustainability with the development of values through making clear statement and mission to focus on sustainable environment while building accountability based on achievement of corporate goal along with stakeholders and sustainable solutions. It requires taking appropriate measures with profitable identification of strategies along corporate culture (Burton, 2019).

To conclude, with the population growth having great pressure on natural resource requires working on sustainable future for businesses. Further, there is a need of expansion for growth in businesses by maintaining current economic levels to reduce challenges in relation to achievement of goals. This requires evaluation to make sure about the sustainable development in future. It is essential to involve society for improvisation using resources and technology appropriately within the communities’ new frameworks and planning without any failure of policies introduced by governments in relation to energy, achieving the goal of sustainable development. Lastly, it is necessary to involve wider data and coordination to benefit future generations while making it sustainable. Hence, it is essential to focus on creating value proposition, comfort and growth while embracing positive change along with belief of stakeholders in businesses building reinvention constantly. Sustainable development requires context, direct, action and results along with continuous learning while aligning businesses that sums up knowledge and innovation.

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