The international community has become increasingly concerned with sustainable development and particularly with preventing climate change The COVID-19 pandemic and global recession of 2020 will exacerbate the situation not just for 2020-2021, but for many years to come Sadly, it is a game-changer The necessity to solve problems of poverty (energy poverty) and inequality, as well as growth and climate change mitigation, now haunts intellectuals, forecasters, and politicians These three problems constitute the global energy trilemma (GET) There is a wide range of forecasts, scenarios, and political plans emerging after the Paris Agreement in 2015 They demonstrate concerns about the slow progress on the matter;however, they still increase the goals for 2030-2050 The global capital formation is a key tool for changes while also representing the hardbudget investment constraints This article examines practical features of recent trends in energy, poverty, and climate change mitigation, arguing that allocation and coordinated management of sufficient financial resources are vital for a simultaneous solution of GET No group of countries can hope to solve each of the Sustainable Development Goals (SDG) separately The global economy has reached the point where it has an urgent need for cooperation © 2020 Nikiforov Russian Center of Emergency and Radiation Medicine, EMERCOM of Russia All rights reserved
Global energy trilemma