Renewables can decarbonise the energy sector



 

Falling costs, driven by innovation in technology and policy, is spurring renewable energy deployment and with it a myriad of socioeconomic benefits, according to the new comprehensive publication released by the International Renewable Energy Agency (IRENA).

REthinking Energy, now in its third edition, was released recently IRENA’s seventh Assembly, the Agency’s ultimate decision-making authority. The publication highlights how global investment in renewables has steadily grown for more than a decade, rising from less than US$50-billion in 2004 to a record US$305-billion in 2015. Despite this enormous growth, current investment and deployment levels are making headway to meet international carbon reduction targets. More and more countries are holding auctions to deploy renewables, and as variable and distributed sources of renewables take-on a greater role, regulators have implemented changes to enable grid integration at scale. Heating and cooling, and the potential of renewables for transport, are areas where future efforts are needed.  The report’s executive summary can be found by clicking here: http://wp.me/p5dDng-LZk

Contact Timothy Hurst, IRENA, thurst@irena.org

 

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Source: EE plublishers

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