Dear Colleagues,
I would like to draw your attention to a new paper from the International Renewable Energy Agency that sheds light on the conditions needed to nurture low-carbon technology innovation for renewable energy to flourish. Technological breakthroughs and new business models are still necessary if we are to keep the rise of global temperatures below 2 degrees Celsius. Accelerating the Energy Transition through Innovation identifies the elements of a flexible policy framework for innovation that will enable the decarbonisation of the energy sector by 2050, it also builds on and expands the analysis prepared at the request of the German G20 Presidency – released earlier this year.
Based on the current status and future needs for low-carbon technologies, thirteen distinct sectors of the energy system were assessed, spanning both power generation and the end-use sectors of energy demand. The assessment finds renewables could account for two-thirds of primary energy supply in 2050, up from just 16 per cent today. This means the growth rate of the share of renewables in total final energy consumption needs to rise seven-fold and be sustained until 2050.
Download the full working paper here.
Kind regards,
Timothy Hurst
Chief Communications Officer
IRENA Headquarters, Masdar City | P.O. Box 236 | Abu Dhabi, United Arab Emirates | Tel: +97124179966 | Mob: +971566770116 | THurst@irena.org | www.irena.org
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