SUBHEAD: Renewables need to account for the majority (virtually all) of power generation in 2050.
By Public Relations on 19 March 2017 for IRENA -
(http://www.irena.org/menu/index.aspx?mnu=Subcat&PriMenuID=36&CatID=141&SubcatID=3828)
Image above: A demonstration of resilient 19th century technology that will likely be using in 2050. This is the largest operational waterwheel in the world built in 1854 on the Isle of Man. Designed by Robert Casement, it has a 72-foot diameter, is 6 feetwide and was built to pump water from mineshafts. From (http://exotixaworld.blogspot.com/2013/09/the-worlds-largest-water-wheel-laxey.html).
[IB Publisher's note: This is a press release from the International Renewable Energy Agency (IRENA) is too optimistic in our opinion. We agree on two things. One: By 2050 fossil fuels will not play the dominant role it does in modern industrial civilization. Two: We will be depending on renewable energy for most every task. The problem will be that transportation by plane, truck, rail and ship will be a mere shadow of what it is today. And we will not be able to depend on high-tech, big-agribusiness or modern industrial output to support our "modern" lifestyles. For replacement we will be back to draft animals and manual labor for many tasks... but that's okay, considering the alternatives.]
Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA).
Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate change.
“The Paris Agreement reflected an unprecedented international determination to act on climate. The focus must be on the decarbonision of the global energy system as it accounts for almost two-thirds of greenhouse gas emissions,” said IRENA Director-General Adnan Z. Amin.
Critically, the economic case for the energy transition has never been stronger. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants.
And through 2050, the decarbonisation can fuel sustainable economic growth and create more new jobs in renewables.
“We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonisation,” added Mr. Amin.
While overall the energy investment needed for decarbonising the energy sector is substantial – an additional USD 29 trillion until 2050 – it amounts to a small share (0.4%) of global GDP.
Furthermore, IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will:
Renewable energy now accounts for 24% of global power generation and 16% of primary energy supply.
To achieve decarbonisation, the report states that, by 2050, renewables should be 80% of power generation and 65% of total primary energy supply.
The report also describes how the energy sector transition needs to go beyond the power sector into all end-use sectors.
Renewables need to account for the majority of power generation in 2050, based on continued rapid growth especially for solar and wind power in combination with enabling grids and new operating practices.
But also, the buildings, industry and transport sectors need more bioenergy, solar heating and electricity from renewable sources that substitute conventional energy.
Electric vehicles need to become the predominant car type in 2050. Liquid biofuel production must grow ten-fold. High efficiency all-electric buildings should become the norm. Deployment of heat pumps must accelerate and a combined total of 2 billion buildings will need to be new built or renovated.
The report calls for policy efforts to create an enabling framework and re-design of energy markets.
Stronger price signals and carbon pricing can help provide a level playing field when complemented by other measures, and the report emphasizes the importance of considering needs of those without energy access.
The full report can be downloaded here.
.
By Public Relations on 19 March 2017 for IRENA -
(http://www.irena.org/menu/index.aspx?mnu=Subcat&PriMenuID=36&CatID=141&SubcatID=3828)
Image above: A demonstration of resilient 19th century technology that will likely be using in 2050. This is the largest operational waterwheel in the world built in 1854 on the Isle of Man. Designed by Robert Casement, it has a 72-foot diameter, is 6 feetwide and was built to pump water from mineshafts. From (http://exotixaworld.blogspot.com/2013/09/the-worlds-largest-water-wheel-laxey.html).
[IB Publisher's note: This is a press release from the International Renewable Energy Agency (IRENA) is too optimistic in our opinion. We agree on two things. One: By 2050 fossil fuels will not play the dominant role it does in modern industrial civilization. Two: We will be depending on renewable energy for most every task. The problem will be that transportation by plane, truck, rail and ship will be a mere shadow of what it is today. And we will not be able to depend on high-tech, big-agribusiness or modern industrial output to support our "modern" lifestyles. For replacement we will be back to draft animals and manual labor for many tasks... but that's okay, considering the alternatives.]
Global energy-related carbon dioxide (CO2) emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, according to new findings released today by the International Renewable Energy Agency (IRENA).
Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy Transition, launched on the occasion of the Berlin Energy Transition Dialogue, presents the case that increased deployment of renewable energy and energy efficiency in G20 countries and globally can achieve the emissions reductions needed to keep global temperature rise to no more than two-degrees Celsius, avoiding the most severe impacts of climate change.
“The Paris Agreement reflected an unprecedented international determination to act on climate. The focus must be on the decarbonision of the global energy system as it accounts for almost two-thirds of greenhouse gas emissions,” said IRENA Director-General Adnan Z. Amin.
Critically, the economic case for the energy transition has never been stronger. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants.
And through 2050, the decarbonisation can fuel sustainable economic growth and create more new jobs in renewables.
“We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonisation,” added Mr. Amin.
While overall the energy investment needed for decarbonising the energy sector is substantial – an additional USD 29 trillion until 2050 – it amounts to a small share (0.4%) of global GDP.
Furthermore, IRENA’s macroeconomic analysis suggests that such investment creates a stimulus that, together with other pro-growth policies, will:
- boost global GDP by 0.8% in 2050;
- generate new jobs in the renewable energy sector that would more than offset job losses in the fossil fuel industry, with further jobs being created by energy efficiency activities, and;
- improve environmental and human health benefits thanks to reduced air pollution.
Renewable energy now accounts for 24% of global power generation and 16% of primary energy supply.
To achieve decarbonisation, the report states that, by 2050, renewables should be 80% of power generation and 65% of total primary energy supply.
The report also describes how the energy sector transition needs to go beyond the power sector into all end-use sectors.
Renewables need to account for the majority of power generation in 2050, based on continued rapid growth especially for solar and wind power in combination with enabling grids and new operating practices.
But also, the buildings, industry and transport sectors need more bioenergy, solar heating and electricity from renewable sources that substitute conventional energy.
Electric vehicles need to become the predominant car type in 2050. Liquid biofuel production must grow ten-fold. High efficiency all-electric buildings should become the norm. Deployment of heat pumps must accelerate and a combined total of 2 billion buildings will need to be new built or renovated.
The report calls for policy efforts to create an enabling framework and re-design of energy markets.
Stronger price signals and carbon pricing can help provide a level playing field when complemented by other measures, and the report emphasizes the importance of considering needs of those without energy access.
The full report can be downloaded here.
.
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