World New Energy’s Next Steps
After Capacity Battle, Shifting Renewables’ Focus to Generation Key, Says REN21
Soumya Duggal, June 21, 2021 (Saur Energy International)
“…[R]enewables added 83% of new power capacity in 2020, [but] their share in global electricity generation increased by only 2.7%, [according to the Renewables 2021 Global Status Report]… More than 256 GW of renewable power capacity was added globally during the year, surpassing the previous record by nearly 30%...[The share of renewables in total final energy consumption (TEFC) grew from 8.7% in 2009 to 11.2% (excluding the traditional use of biomass) in 2019…[But the share of fossil fuels changed only] from 80.3% in 2009 to 80.2% in 2019…[because of] rising global energy demand…continuing consumption of and investment in new fossil fuels, resulting in fossil fuels meeting most of the increasing demand…[and] declining traditional use of biomass…
…[I]nnovation is still needed to enable their widespread adoption in harder-to-decarbonise sectors, such as transport, heating and cooling sectors…[Renewables overtook] fossil fuels as the European Union’s main source of electricity for the first time in 2020 as new projects came online and coal-power shrank…[but] the power sector also accounts for a very small share (17%, of which 27.1% comes from RE) of final energy use when compared to transport (32%, of which 3.4% comes from RE) and thermal (51%, of which 10.2% is RE-based).
Fossil fuels continue to dominate these sectors…[and renewables’ share in electricity generation] recorded a dismal rise from 27.3% in 2019 to 29.0% in 2020…[F]resh renewables capacity has been taking care of fresh demand, not tackling base demand…[T] he renewable energy industry needs to increase its efforts to impact core global energy demand…[by shifting focus from capacity addition to generation.” click here for more