The global fuel economy initiative: delivering Sustainable Development Goal 7

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The Global Fuel Economy Initiative (GFEI) launched a report on its contribution to help individual countries work towards Sustainable Development Goal 7 (SDG7) at the United Nations High Level Political Forum (HLPF), in New York. The 2018 HLPF has the theme of “Transformation towards sustainable and resilient societies” and explores how governments are progressing towards this objective, with a particular focus on SDG 7 on sustainable and accessible energy. The report identifies the progress made to address SDG target 7.3, which was set in 2015 to double energy efficiency across all sectors by 2030. The GFEI has a similar objective for vehicle fuel efficiency. The SDGs are a unique set of targets agreed by governments from across the world. They combine economic, social and environmental dimensions – recognising the fact that different geographic locations and sectors are interlinked, and that change requires co-operation and co-ordination. The 7.3 target matches GFEI’s goal, set in 2009, to double average new passenger vehicle fuel economy globally by 2030, and in all vehicles by 2050 – ‘50by50’. Achieving the GFEI target would save over 1 Gt of CO2 a year by 2025 and over 2 Gt/year by 2050, and result in savings in annual oil import bills alone worth over $300 billion in 2025 and $600 billion in 2050.

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https://www.fiafoundation.org/media/597038/gfei-sdg7-hlpf.pdf
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Publication Date: 
12/07/2018
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