Energy is a central component of the United Nations' Sustainable Development Goals (SDGs), explicitly reflected in SDG 7: Affordable and Clean Energy. However, the theme of energy cuts across multiple SDGs, demonstrating the interconnectivity of these global goals.
SDG 7's objective is to ensure access to affordable, reliable, sustainable, and modern energy for all. Energy, in its various forms, is a vital driver of economic growth and is pivotal to nearly all aspects of development. Without a steady and reliable supply of energy, societies can hardly progress. However, millions of people around the world still lack access to modern and clean energy services. The emphasis on "affordable and clean" energy within this goal shows the need to transition from traditional energy sources, often characterized by high environmental costs, to more sustainable ones like wind, solar, and hydropower.
Energy's role is also significant in achieving other SDGs. For example, SDG 9: Industry, Innovation, and Infrastructure, emphasizes the need for sustainable and resilient infrastructure with increased resource-use efficiency and greater adoption of clean technologies. It is almost impossible to achieve this without a sustainable energy framework. Similarly, SDG 11: Sustainable Cities and Communities, calls for making cities inclusive, safe, resilient, and sustainable, and one of its targets (11.6) directly refers to the environmental impact of cities, for which energy is a key factor.
Furthermore, energy is a crucial player in SDG 13: Climate Action. The energy sector represents the largest single source of global greenhouse gas emissions. Transitioning to a sustainable energy future, therefore, is critical for tackling climate change. Efforts to reduce emissions and promote clean energy sources are crucial to mitigate climate change and its impacts.
The future role of stationary electricity storage is perceived as highly uncertain. One reason is that most studies into the future cost of storage technologies focus on investment cost. An appropriate cost assessment must be based on the application-specific lifetime cost of storing electricity. We determine the levelized cost of storage (LCOS) for 9 technologies in 12 power system applications from 2015 to 2050 based on projected investment cost reductions and current performance parameters.
Design and Operation of Solid Oxide Fuel Cells: The Systems Engineering Vision for Industrial Application, Volume , 1 January 2019
