Access to electricity and clean cooking fuels has improved in many parts of the world, but 675 million people are yet to be connected to the grids and 2.3 billion are still cooking with unsafe and polluting fuels. The war in Ukraine and global economic uncertainty continue to cause significant volatility in energy prices, leading some countries to raise investments in renewables and others to increase reliance on coal, putting the green transition at risk. If the current pace continues, about 660 million people will still lack access to electricity and close to 2 billion people will continue to rely on polluting fuels and technologies for cooking by 2030. To ensure access to energy for all by 2030, we must accelerate electrification, increase investments in renewable energy sources and invest in improving electricity grids.