If policymakers, businesses and investors across the world collaborate to scale-up renewable energy and to electrify sectors such as transport and heavy industry, 86% of the global power demand could be met with clean energy by 2050, new research from the International Renewable Energy Agency (IRENA) has found. The report, entitled “Global Energy Transformation: A Roadmap to 2050”, states that spurring the renewables revolution and using clean power to electrify carbon-intense technologies and sectors could deliver more than three quarters of the energy-related emission reductions needed to meet global climate goals by mid-century.
Edie 9th April 2019 read more »
The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said. The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets under the Paris Agreement on climate change. The Abu Dhabi-based group now says $115 trillion is needed, down from $125 trillion a year ago, reflecting lower costs to build wind and solar farms.
Bloomberg 9th April 2019 read more »