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" in Europe alone, more than 300,000 new jobs were created in the renewables sector in just five yearS"Pictured: ConnieHedegaardenergy-efficient homes. It is about lower energy bills. The world's leaders must use the Rio+20 summit in June to bring sustainable development to the heart of the global economic agenda. This is where it belongs rather than in the environment silo isolated from the key economic decisions. Only then can we bring the actions to the scale we need with the speed we need.Nothing should be more urgent right now. Not for politicians. And certainly not for business. Time is our most scarce resource. In 2010, global greenhouse gas emissions reached the highest level ever.The EU is already moving in the right direction, domestically and abroad. We have binding targets for emissions reductions and renewables, a price on carbon, and energy efficiency measures. And we are looking at smarter ways of taxation away from labour and towards consumption.But developed countries cannot tackle environmental challenges on their own. This is no longer possible in the reality of the 21st century, where emerging economies account for the biggest growth, also in energy consumption and emissions. We are at a point where all countries must act, in line with their respective capabilities and responsibilities. And we need to join hands with the private sector; we need to price environmental pollution. Private capital seeks profitable grounds. The cost of production is not the only thing that determines the value of a product. The harm it makes to its surroundings must be priced as well. Only this way can we give the incentive to turn investments sustainable.Economic growth must be measured beyond GDP. It must capture the natural wealth of a country, of a clean environment, of social cohesion. A sustainable growth to guarantee children born in 2012 a decent life. nAbout the AuthorConnie Hedegaard had already been working with climate issues for several years by the time she began her appointment as the EU's first ever Commissioner for Climate Action in February 2010. In August 2004 she was appointed as Danish Minister for the Environment. In 2007 she was in charge of setting up the Danish Ministry of Climate and Energy, where one of the main tasks was to prepare the UN Climate Conference in Copenhagen in December 2009.Connie Hedegaard began her political career while a student at the University of Copenhagen. In 1984, at the age of 23, she was elected to the Danish Parliament as a member for the Conservative People's Party, thereby becoming the youngest Danish MP ever at that time. In 1989, Connie Hedegaard became first spokesperson for the Conservative People's Party, but chose to leave politics for journalism in 1990. Apart from working as a politician and journalist, Connie Hedegaard has sat on a number of committees and boards, including chairing the Centre for Cultural Cooperation with Develop- ing Countries (CKU) and as a member of the board of the Danish Parliament's Democracy voices 045

Addressing the energy trilemmaJoan MacNaughton, Chair, Assessment of Country Energy and Climate Policies, World Energy Council 046 ENERGY SECURITY