IRENA Report Exhibits International Energy Transition Objectives Not on Goal

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Renewables are the spine of the energy transition and a viable local weather answer. Yet out of the 183 events to the Paris Agreement with renewable energy elements of their Nationally Determined Commitments (NDCs), solely 143 have quantified targets with the overwhelming majority specializing in the power sector. Only 12 international locations had dedicated to a share of renewables of their total energy mixes.

Renewable Energy Targets in 2022: A information to design, launched by the International Renewable Energy Agency (IRENA) on the UN Climate Change Conference COP27, assesses the extent of renewable energy ambition in nationwide local weather pledges and benchmarks targets towards the worldwide local weather objective of limiting temperature rise to 1.5°C. It clearly reveals the collective degree of energy transition ambition up to now just isn’t sufficient regardless of the Glasgow Climate Pact to improve 2030 targets in nationwide pledges.

“At a time when we desperately need to see rapid implementation, I call on world leaders to urgently close the renewable deployment gap in pursuit of resilience, energy security and inclusive economies,” says IRENA’s Director-General Francesco La Camera. “IRENA’s report is a warning to the international community telling them that renewables offer a readily achievable climate solution but require immediate action. Climate pledges must enhance ambition to unlock the full and untapped potential of renewables.”

“There is a need for real urgency. Despite some progress, the energy transition is far from being on track,” La Camera provides. “Any near-term shortfall in action will further reduce the chance of keeping 1.5°C within reach. Under the COP27 slogan ‘together for implementation’ we must move from promises to concrete solutions to benefit people and communities on the ground.”

IRENA’s World Energy Transitions Outlook sees half of the energy consumed in 2050 coming from electrical energy. Ninety % of all decarbonization will contain renewable energy via direct provide of low-cost power, effectivity, electrification, sustainable bioenergy and inexperienced hydrogen. However, reaching the 2050 local weather goal will depend upon enough motion by 2030.

IRENA’s new evaluation finds that by 2030, international locations are concentrating on to succeed in 5.4 TW of put in renewable power capability. This would solely be half of the ten.8 TW of put in capability wanted in accordance with IRENA’s 1.5°C Scenario. To obtain internet zero, the focused renewable power capability by 2030 must double in comparison with the extent of ambition in present targets.

This is quickly achievable as we speak as present renewable power targets lag current deployment ranges, IRENA’s report finds. To obtain present targets by 2030, international locations would wish so as to add 2.3 TW of capability, equal to common yearly additions of 259 GW within the subsequent 9 years. This is beneath the precise put in capability added prior to now two years: in 2020 and 2021, regardless of the issues that resulted from the pandemic and consequent provide chain disruptions, the world added nearly 261 GW every year.

Furthermore, renewable power focused by 2030 stays concentrated in a couple of areas globally. Asia makes up half of the worldwide focused capability, adopted by Europe and North America. In comparability, the Middle East and North Africa account for simply 3% of worldwide deployment targets for 2030, regardless of the area’s excessive potential. And Sub-Saharan Africa accounts for simply over 2% of whole world for 2030.

The international locations concentrating on the best degree of deployment are all a part of the G20, making up nearly 90% of the worldwide aggregated goal. Although they make up a small share of previous renewable deployment, aggregated targets by least developed international locations (LDCs) and small island growing states (SIDS) would double their present renewable capability.

Read the total report right here.

Image: Jadon Kelly on Unsplash

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