Doubling Renewables

Thursday 12th June 2014

According to a new report launched by the International Renewable Energy Agency in New York, “REmap 2030” claims that scaling-up renewable energy to 36% of the world’s total final energy consumption by 2030 is possible, affordable and will keep the world on a trajectory consistent with a CO2 level of 450 ppm, the widely accepted threshold to limit global temperature increase to two degrees Celsius above pre-industrial levels by 2100.

The report states that the investment cost for this global expansion of renewable energy is offset by savings of up to $740 billion per year on costs associated with pollution from fossil fuels.

Doubling renewable energy to 36% of global energy consumption will reduce the global demand for oil and gas by approximately 15% and for coal by 26%, cutting energy-related pollution and adverse health effects as well as increasing energy security for countries dependent on energy imports. It would also create a net gain of nearly one million jobs by 2030.

Dolf Gielen, Director of IRENA’s Innovation and Technology Centre, said, “We can double the renewable energy share in the global energy mix, but we are not on that path now. To realize the world’s renewable energy potential, all governments need to step up their efforts. We need to act now."

The report bases conclusions on the analysis of the energy requirements in 26 countries that account for 75% of global total final energy consumption. It also derives its objective from the United Nations Secretary General’s Sustainable Energy for All (SE4ALL) initiative.

To download the full report, factsheets and other materials here. Source: IRENA.

Picture of Alternative Energies CC BY 2.0 by Jürgen from Sandesneben, Germany

Categories: General, Renewable, Reviews

Thursday 12th June 2014

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