What does "Affordable Energy" refer to in the context of sustainability?

Prepare for the ESCP Sustainability and ESG Exam. Study with targeted flashcards and multiple-choice questions, each providing hints and detailed explanations. Enhance your knowledge and pass your exam with confidence!

In the context of sustainability, "Affordable Energy" refers to access to clean and reasonably priced energy. This concept encompasses the idea that energy should not only be available to all segments of the population but also affordable enough that it does not impose a financial burden on consumers or businesses. Clean energy sources, such as solar, wind, and hydroelectric power, are emphasized because they minimize environmental damage and promote long-term sustainability.

The focus on affordability ensures that communities can access the energy they need for basic necessities, economic development, and quality of life improvements without compromising environmental integrity. This aligns with broader sustainable development goals that aim to provide universal access to affordable, reliable, and modern energy services, ultimately fostering equitable economic growth while addressing climate change and reducing greenhouse gas emissions.

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