GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Decarbonisation of global energy system, led by renewables and efficiency, would create economic gains

Berlin, Germany, 20 March 2017 —  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 human welfare through important additional environmental and health benefits thanks to reduced air pollution.

Globally, 32 gigatonnes (Gt) of energy-related CO2 were emitted in 2015. The report states that emissions will need to fall continuously to 9.5 Gt by 2050 to limit warming to no more than two degrees above pre-industrial temperatures. 90% of this energy CO2 emission reduction can be achieved through expanding renewable energy deployment and improving energy efficiency.

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.



Posted by : GoDubai Editorial Team
Viewed 9766 times
Posted on : Monday, March 20, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Mega deals reshape the chemicals industry
Next Story : Feilo Sylvania making retrofit simple
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Skyline Book Fair 2018
The Bremont Waterman
Holiday hair: The best product to keep your locks smelling fresh and protected
ServeU to Take Huge Leap Forward with Smart Cleaning Robots
Emirates celebrates inaugural flight to London Stansted
Chronoswiss' Exclusive Limited Edition Flying Regulator Marks 31st Anniversary o...
Blackberry Key2: An Icon Reborn
The Future Takes The Past Tense
CSR Initiatives by Malabar Gold & Diamonds continues in full strength
Consulate General of India Mr. Vipul came as CHIEF GUEST at the blood donation c...
Marchon Eyewear Summer 2018 Collections
DWTC events drive AED 12.7bn in economic value for Dubai, fuelling record 3.3% c...
du Distributes Eid Gifts at Al Jalila Children's Hospital
Al-Futtaim ACE celebrates Eid with exciting offers and activities
24 hour Mega Sale at Dalma Mall!
Beauty on the Go
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV -...
A Sparkling Gift Guide for Eid al-Fitr by Mouawad
Skin Hydration is one of the primary challenges our skin faces in the UAE
Purify Your Skin with Skin Republic
New open-air member of the AMG GT family
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Acr...
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia ...
iVOOMi Smartphones Enter the UAE Market Exclusively on SOUQ.com
Hamilton Jazzmaster Maestro Auto Chrono
Captivate Your Senses with Marks & Spencer's Exclusive Oud Collection
Filorga introduces two new additions to its UV-BRONZE range offering a comprehen...
The Summer Just Got Sweeter with the New Palm Candy Collection from Max
Crowe Horwath announces global rebrand to “Crowe” Sometimes a smart decision i...
Dubai to Witness the First Ever Jewellery Season With Grand Discounts and Surprises
Great Moments Manero Flyback accompanies Swiss National Soccer Team To Russia
The Rado True Phospho wins 2018 Good Design Award®
Tissot Chrono XL Tour de France Special Edition Cycling just got big
Stylish men's watch - BU4018-11H - with rose gold case and black dial is a real ...
The Lacoste Moon Collection
Eid Al Fitr, the FIFA World Cup and much more at Danat Al Ain Resort
Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Zulekha Hospital surgeon saves patient from losing normal hand functions
Eight Tips to Avoid Overindulging this Eid
DHA Hospitals becomes first in the Emirate to use clip technology by angiography...
Celebrate Eid Al-Fitr with Emaar Entertainment
Dubai Summer Surprises Calendar of Events Revealed
Ibn Battuta Mall debuts three international kids' shows this Eid Al Fitr and DSS
Celebrate Eid Al Fitr at Dubai Festival City
Splash's ‘Life After Fashion' Campaign Breathes New Life into Old Garments
Masdar City's Etihad Eco-Residence Wins Emirates Green Building Council MENA Gre...
GSK distributes 8,500 ecofriendly Iftar meal bags to people across the GCC
Liali Jewellery gets the Capillary Technologies boost to enhance customer engagement
Summer Romance in the air with Max's new seasonal Collection