World Needs To Up New Energy Build

New Report Warns World of Huge Untapped Renewable Energy Potential; At COP27, IRENA DG calls on global leaders to bridge renewables’ deployment gap.

7 November 2022 (International Renewable Energy Agency)

“…[O]f the 183 parties to the Paris Agreement with renewable energy components in their Nationally Determined Commitments (NDCs), only 143 have quantified targets with the vast majority focusing on the power sector. Only 12 countries had committed to a percentage of renewables in their overall energy mixes…[A new reportfrom the International Renewable Energy Agency (IRENA)] shows the collective level of energy transition ambition to date is not enough…

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…[IRENA forecasts that half of global energy consumed in 2050 will come from electricity and] 90 per cent of all decarbonisation will involve renewable energy through direct supply of low-cost power, efficiency, electrification, sustainable bioenergy and green hydrogen…

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IRENA’s new analysis finds that by 2030, countries are targeting to reach 5.4 terawatts (TW) of installed renewable power capacity…To achieve net zero, the targeted renewable power capacity by 2030 would have to double…This is readily achievable today as current renewable power targets lag recent deployment levels…

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...[Countries would need to add] average yearly additions of 259 gigawatts (GW) in the next nine years. This is below the actual installed capacity added in the past two years…[The countries targeting 90 per cent] of deployment are all part of the G20…” click here for more

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