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 7308 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
Make a Statement with MAKE UP FOR EVER's New Artist Liquid Matte Lipsticks
Paris Gallery Eid Gift Guide: The Watch Edit
LG G6: The Ideal Summer Vacation Companion
SAINT HONORE Charisma Twist
Lucky Winners celebrate winning gold bars with Malabar Gold & Diamonds – ‘BE A G...
Gold Collagen® Hydrogel Mask with Second Skin Technology to Launch in Dubai in J...
IKEA Reveals Hidden Shortcuts as Father's Day Gift
THEFACESHOP, White Seed brightening
Skyline University College Conducted Health and Wellness Program
Celebrate This Eid by Honouring your Loved Ones with a Special Gift
TAG Heuer Luxury Kit
Bhima Jewellers Spread Happiness this Ramadan with ‘BHIMA GIFT A SMILE'
Keep your skin hydrated this summer with tips from Gold Collagen!
New Collections at Grand Optics - Summer 2017
Marion Cotillard wears Chloé to 31st Cabourg Film Festival
Celebrate Eid in 'Swiss Style' with stunning RAYMOND WEIL Freelancer
TOD's Spring/Summer '18 Men's Collection
Dsquared2 Men's and Women's Fall Winter 2017 Show
Take A Sneak-peek into COÉGA Sunwear's 2018 Baby Swimwear Line
Eid Al Fitr 2017
deLaCour Saqra Urban- Triumph Design
Dubai will be ‘United in Celebration' during 10th Edition of ‘Eid in Dubai- Eid ...
WHITE MAN & WOMAN presents POAN - PEOPLES OF ALL NATIONS ‘The Phenomenon of Man'
Al Barwani Wins 2017 Ramadan Challenge Senior Cup Title
Starbucks Brings Back Summer Favorite S'mores Frappuccino on Popular Demand
The Salman and Katrina relationship with Splash continues
Dubai Culture Announces July Workshops for Dubai Festival for Youth Theatre 2017
HP Revolutionizes Pocket-size Printing with Sprocket
Wear Your Personality on Your Sleeve with Suitsupply
Jaguar E-PACE: The New Compact Performance SUV
KeyBS e-Voucher solution ‘KeyEVD' goes live on thousands of 4Run Telecom POS mac...
Rendezvous Between Moon and Chronograph Da Vinci Perpetual Calendar Chronograph
Podium Finish for UAE Team Emirates' Sacha Modolo on Stage Eight of Tour de Suisse
Dubai Customs salutes UAE's 1st global customs efficiency ranking
New destination for Godiva lovers
The Outlet Village Celebrates Eid Al-Fitr and DSS with Fun-Filled Entertainment ...
Summer Style in Your Suitcase with LE66
Memorandum of Understanding Signed Between Mohammed Bin Rashid Space Centre has ...
2XL Launches Martin Collection with Statement Headboard Design
InSinkErator contributes to UAE State of Energy Report for third consecutive year
SYOSS SALONPLEX - Ultimate repair: the professional hair care innovation for at home
IKEA Announces Fun-Filled Summer Academy For Children!
Dubai Outlet Mall and the UAE Red Crescent join hands to give free Eid clothing ...
His Highness Sheikh Hamed bin Zayed Al Nahyan Attends First Graduation Ceremony ...
New American School for Dubai in 2018 by Esol Education
16 UAE Team Emirates' Riders Will Participate in Their Respective National Champ...
AirWayBill and Careem Partner for Cost Saving International Shipment Drop Off In...
Concession Agreement Signed to Develop, Manage and Operate Fujairah Port
ENBD REIT Announces First Dividend Payment of USD 0.0382 per Share
Prevent Dehydration From Air Travel