IRENA maps the path to scale up RE by 2030

IRENA has laid out concrete technology options and outlined solutions and action areas to accelerate renewable energy growth in its latest report on the energy transition in 40 economies, representing 80% of global energy use.

REmap: Roadmap for A Renewable Energy Future, finds that doubling renewables in the global energy mix by 2030 is feasible and actually less expensive than not doing so. It can save up to $4.2 trillion annually by 2030 – 15 times more than the costs – all while achieving numerous economic, social and environmental goals.

Within the report, IRENA has set out recommendations for policy makers and stakeholders to scale up renewables in the next 14 years, saying that now policy makers and governments must take the required action to speed up the energy transition and finish the race in time.

“The age of renewable energy is here, but without concerted efforts, its potential will not be reached fast enough to meet international climate and development targets. For decision makers in the public and private sectors alike, this roadmap sends an alert – both on the opportunities at hand and on the costs of not taking them,” said IRENA Director-General Adnan Z. Amin.

As the first thing on its list of recommendations, IRENA cited linking R&D and innovation programmes to national macro objectives. The agency further advises investing in basic R&D, which has high risk and low interest from private sector.

The countries should focus their R&D funding on technologies that are not yet market-ready, such as ocean energy and advanced liquid biofuels, and in sectors where renewable energy penetration is especially low such as industry and freight transportation. As technologies become more mature, support should be shifted from supply side to demand side.

IRENA also pointed out that the price of new energy technologies is not only set out according to the cost of electricity generation but also by the cost of learning by doing. Progress of the solutions that are at early stages, such as advanced liquid biofuels and ocean technology, will speed up further if a large number of countries join in efforts to share the cost of learning by doing, the agency explained.

Share this article

Follow Marine Energy

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

AWTEC2020

AWTEC 2020 aims to provide an opportunity to exchange, learn, interact and network on all multidisciplinary…

read more >

PV Korea 2020 (The 17th Green Energy Expo)

This show is co-organized by the four major renewable energy associations of Korea.

read more >

All-Energy 2020

All-Energy is the UK’s leading and only full supply chain renewables and low carbon energy event for the private and public sector energy…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >