header ad

The inevitability of global transformation towards renewable energies


The inevitability of global transformation towards renewable energies
It is no secret to the follower in the energy affairs how the world began to take rapid steps to a major transition in dependence on renewable energies and this transformation, which is based on the unprecedented growth of these renewable energies, is preparing to strengthen it through the implementation of various international treaties, The umbrella of the United Nations and the most influential is the Paris Agreement as well as the goals of sustainable development and the march towards a world that uses 100% renewable energy in 2050 as decided by the United States of America and some other countries.

Vision and application
Managing and implementing a long-term global vision to transform the energy sector in line with recommendations and objectives is very important as energy is responsible for a large proportion of global carbon emissions. The new study by the International Renewable Energy Agency, in cooperation with the International Energy Agency (IEA), at the request of the German G-20 Presidency, entitled "Prospects for Energy Shift: Investment Needs for a Low Carbon Energy System," concluded that carbon sequestration from the energy sector 2050, With a target of "below 2 ° C" of the Paris Agreement, is technically feasible and economically attractive.
The current reality of renewable energy figures
The active commercial movement of renewable energy has led in recent years, with low costs to push its spread to unprecedented levels. Investment in renewable energy sources reached a record $ 348 billion in 2015 and while global total investment declined in 2016, the continued decline in costs means that we now have more energy per dollar invested, with lower costs for energy units Solar PV has increased by 80% since 2009, wind turbine costs by almost one-third. In fact, renewable energy generation increased by 161 gigawatts last year, making 2016 the strongest year ever for new energy additions. In reference to the global nature of this transformational opportunity, more than half of this new capacity came from developing countries.


Economic and social results
And the economy it can achieve. Removing carbon from the energy sector by 2050 could boost global GDP by 0.8 percent, or about $ 19 trillion in economic activity. While the additional net investment required for the transition would be $ 29 trillion during the period 2050-2015, the substantial savings resulting from lower health impacts from air pollution and climate change would outweigh the costs. In addition, renewable energy jobs will be around 26 million by 2050, compared with almost 10 million today, creating much-needed jobs worldwide. If we are late at work, the cost will be much higher. It is therefore essential that we intensify our efforts to promote innovation, not only in technology but also in policies, business models and market design. Innovative solutions can help integrate higher shares of renewable energy into energy systems. Innovative policy frameworks can attract investment, drive cost reductions and help accelerate the deployment of renewable energy sources in end-use sectors such as transport, industry and buildings where they are underdeveloped.



Conclusion :
When we pursue sound economic policy, it will lay the foundation for sustainable growth and prosperity for future generations. Coordinated action by the countries of the world together will drive renewable energy to the fore and contribute to making this vision a reality and to our sustainable energy future.

Post a Comment

0 Comments

The inevitability of global transformation towards renewable energies


The inevitability of global transformation towards renewable energies
It is no secret to the follower in the energy affairs how the world began to take rapid steps to a major transition in dependence on renewable energies and this transformation, which is based on the unprecedented growth of these renewable energies, is preparing to strengthen it through the implementation of various international treaties, The umbrella of the United Nations and the most influential is the Paris Agreement as well as the goals of sustainable development and the march towards a world that uses 100% renewable energy in 2050 as decided by the United States of America and some other countries.

Vision and application
Managing and implementing a long-term global vision to transform the energy sector in line with recommendations and objectives is very important as energy is responsible for a large proportion of global carbon emissions. The new study by the International Renewable Energy Agency, in cooperation with the International Energy Agency (IEA), at the request of the German G-20 Presidency, entitled "Prospects for Energy Shift: Investment Needs for a Low Carbon Energy System," concluded that carbon sequestration from the energy sector 2050, With a target of "below 2 ° C" of the Paris Agreement, is technically feasible and economically attractive.
The current reality of renewable energy figures
The active commercial movement of renewable energy has led in recent years, with low costs to push its spread to unprecedented levels. Investment in renewable energy sources reached a record $ 348 billion in 2015 and while global total investment declined in 2016, the continued decline in costs means that we now have more energy per dollar invested, with lower costs for energy units Solar PV has increased by 80% since 2009, wind turbine costs by almost one-third. In fact, renewable energy generation increased by 161 gigawatts last year, making 2016 the strongest year ever for new energy additions. In reference to the global nature of this transformational opportunity, more than half of this new capacity came from developing countries.


Economic and social results
And the economy it can achieve. Removing carbon from the energy sector by 2050 could boost global GDP by 0.8 percent, or about $ 19 trillion in economic activity. While the additional net investment required for the transition would be $ 29 trillion during the period 2050-2015, the substantial savings resulting from lower health impacts from air pollution and climate change would outweigh the costs. In addition, renewable energy jobs will be around 26 million by 2050, compared with almost 10 million today, creating much-needed jobs worldwide. If we are late at work, the cost will be much higher. It is therefore essential that we intensify our efforts to promote innovation, not only in technology but also in policies, business models and market design. Innovative solutions can help integrate higher shares of renewable energy into energy systems. Innovative policy frameworks can attract investment, drive cost reductions and help accelerate the deployment of renewable energy sources in end-use sectors such as transport, industry and buildings where they are underdeveloped.



Conclusion :
When we pursue sound economic policy, it will lay the foundation for sustainable growth and prosperity for future generations. Coordinated action by the countries of the world together will drive renewable energy to the fore and contribute to making this vision a reality and to our sustainable energy future.