Subscribe free to our newsletters via your
  Solar Energy News  




Subscribe free to our newsletters via your




















SOLAR DAILY
Report details how renewables can decarbonise the energy sector
by Staff Writers
Abu Dhabi, UAE (SPX) Jan 17, 2017


Off-grid renewables provide electricity to an estimated 90 million people worldwide, and enable people to climb the energy ladder. They are cost-effective and can be installed in modular fashion, linked to grid extension plans. REthinking Energy describes how off-grid solutions can provide modern energy access to hundreds of millions of more people and achieve development goals.

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 at IRENA's seventh Assembly, the Agency's ultimate decision-making authority.

"Renewables are gaining ground by nearly every measure. Accelerating the pace of the energy transition and expanding its scope beyond the power sector will not only reduce carbon emissions, it will improve lives, create jobs, achieve development goals, and ensure a cleaner and more prosperous future," said IRENA Director-General Adnan Z. Amin.

The publication highlights how global investment in renewables has steadily grown for more than a decade, rising from less than USD 50 billion in 2004 to a record USD 305 billion in 2015. Despite this enormous growth, current investment and deployment levels are making headway to meet international carbon reduction targets.

"As we advance deeper into a new energy paradigm, we need to pick-up the pace of our decarbonisation efforts. Policies and regulations continue to remain crucial to this end and to develop the renewables market," explained Mr. Amin.

"We are seeing more and more countries hold 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 publication provides insights on the innovations, policy and finance driving further investment in sustainable energy system, including that:

+ Renewable energy auctions are gaining popularity in developed and developing countries, generating record-breaking low energy prices;

+ Demand for battery storage is increasing rapidly and playing a larger part in integrating variable renewables;

+ New capital-market instruments are helping increase available finance by offering new groups of investors access to investment opportunities;

+ Institutional investors are moving into renewable energy as it offers stable returns over the long term;

+ New business models promise new ways to finance renewable energy.

The publication states that solar PV will grow the fastest in terms of capacity and output, and new ways to store electricity will be a game changer for growing variable renewable energy generation. IRENA estimates that battery storage for electricity could increase from less than 1 GW today to 250 GW by 2030.

Off-grid renewables provide electricity to an estimated 90 million people worldwide, and enable people to climb the energy ladder. They are cost-effective and can be installed in modular fashion, linked to grid extension plans. REthinking Energy describes how off-grid solutions can provide modern energy access to hundreds of millions of more people and achieve development goals.

"Achieving universal electricity access by 2030, will require us to boost global power generation - nearly 60 per cent of that will have to come from stand-alone and mini-grid solutions," said Mr. Amin.

"Meeting this aim with off-grid renewables depends on the right combination of policies, financing, technology and institutional capacity. Making needed changes and accelerating deployment will allow countries to address global issues in sustainability, education, gender equality, health, water and food."

REthinking Energy was released at IRENA's seventh Assembly, which this is gathering 75 ministers from over 150 countries, to advance the global renewable energy agenda and make concrete steps to accelerate the global energy transformation.


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
International Renewable Energy Agency
All About Solar Energy at SolarDaily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SOLAR DAILY
Not enough investment in renewables: IRENA
Abu Dhabi (AFP) Jan 15, 2017
Money invested in renewable energy is not enough to reach a climate goal of limiting global warming to 2.0 degrees Celsius, an Abu Dhabi-based green energy organisation said Sunday. Investment in renewables has increased dramatically in the last decade, but "the rate of growth is not sufficient yet to meet the climate goals", Adnan Amin, the head of renewable energy agency IRENA said. H ... read more


SOLAR DAILY
Iowa State engineer helps journal highlight how pyrolysis can advance the bioeconomy

Handheld sensor unit determines biofuel content of diesel blends

Dual-purpose biofuel crops could extend production, increase profits

Species diversity reduces chances of crop failure in algal biofuel systems

SOLAR DAILY
Cheery robots may make creepy companions, but could be intelligent assistants

Amazon Alexa virtual assistant shines at tech show

Robots show their 'personality' at big tech show

How to control the unknown: Novel method for robotic manipulation

SOLAR DAILY
New York sets bar high for offshore wind

DONG Energy makes wind energy debut

The answer is blowing in the wind

French power group aims to double wind capacity

SOLAR DAILY
China 2016 auto sales surge at fastest in three years

US deal won't end 'dieselgate' pain for Volkswagen

NAVYA Self-driving shuttle goes to work in Las Vegas

New technology will cut plug-in hybrid fuel consumption by one third

SOLAR DAILY
UK-Led Hydrogen Fuel Project Promises to Provide Ultra-Clean Air in China

Scientists discover a molecular motor has a 'gear' for directional switching

Rolling out an e-sticker revolution

Tenfold jump in green tech needed to meet global emissions targets

SOLAR DAILY
France sells off Engie stake to finance Areva rescue

UK asks regulators to assess Chinese nuclear reactor

EU clears French rescue of troubled nuclear firm Areva

Controversial nuclear power plant near New York to close

SOLAR DAILY
China to build $1.5 billion power line across Pakistan

MIT Energy Initiative report provides guidance for evolving electric power sector

Toward energy solutions for northern regions

Energy-hungry Asia slowing down, lender says

SOLAR DAILY
Study: Trees with thicker bark are more resistant to fire

Measuring trees with the speed of sound

In cool forests, foraging bees prefer the warmth of darker flower petals

Scientists try turning Christmas trees into plastic




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement