Capturing economic opportunities from wind power in developing economies,: summary for policymakers at COP27

The Global Wind Energy Council (GWEC) has released a Summary for Policymakers at COP27 on the socioeconomic and environmental opportunities attached to wind energy in developing economies. The summary note, “Capturing Economic Opportunities from Wind Power in Developing Economies,” reflects the preliminary findings from an ongoing study of wind energy potential in five key countries for the global energy transition: Colombia, Argentina, Morocco, Egypt and Indonesia. While the world is confronting an energy crisis, the COP27 summit is nearing the crucial final stages of determining political consensus among Parties which can keep a 1.5°C pathway alive. Current events and energy market volatility are a reminder of the vulnerabilities of the global energy system, which can serve to fast-track structural change towards the clean energy transition.