NewEnergyNews: New Roadmap Shows More New Energy Needed

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    Friday, June 07, 2019

    New Roadmap Shows More New Energy Needed

    IRENA Revised Roadmap Calls for Increased Electrification, Renewable Energy Use to Reach Climate Goals

    Leila Mead, 6 June 2019 (International Institute for Sustainble Development)

    “…Increased renewable energy use and intensified electrification could help achieve climate goals by 2050, according to ‘Global Energy Transformation: A Roadmap to 2050’ from the International Renewable Energy Agency (IRENA)…[It] explains that while renewables already make up more than half of newly installed power-generation capacity, their overall share in the energy mix, including power, heat and transport, must increase six-fold to meet climate goals…[because] energy-related emissions have increased by 1.3% every year since 2015, and the world’s ‘carbon budget’ could run out within ten years…[E]nergy-related CO2 emission reductions would have to decrease by 70% by 2050 to meet climate targets…

    …a large-scale shift to electricity from renewables could deliver 60% of those reductions, up to 75% if renewables for heating and transport are considered, and 90% with an acceleration in energy efficiency…electricity is becoming a dominant energy provider, and using renewables, such as solar and wind, could meet 86% of the power demand…the energy transformation could boost gross domestic product (GDP) by 2.5% and total employment by 0.2% globally in 2050…every USD spent in transforming the global energy system provides a return of between USD 3 and USD 7; and…renewables and the energy transition will create more new jobs than those lost in the fossil fuel sector…” click here for more

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