Dubai PR Network, Online Press Release from Dubai and Middle East
 
(Energy and Industry)
Filter PR by
  
Eliminating Energy-Related Carbon Emissions Possible, New IRENA Study Finds
 

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 : Dubai PR Network Editorial Team
Viewed 3154 times
PR Category : Energy and Industry
Posted on : Monday, March 20, 2017  1:05:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.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
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Prada Luna Rossa Carbon [14945-Views]
Bourjois: Blow a Kiss for Mother's Day [12499-Views]
Introducing NEW Olay Regenerist Microsculpting Cream SPF30 [11688-Views]
Elizabeth Arden: White Tea fragrance [11596-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [11261-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [11132-Views]
Gucci Eyewear Spring/Summer 2017 [10766-Views]
IKEA Spreads Cheer on International Day of Happiness [8967-Views]
Lose the Back Pain at Work [7912-Views]
Clearly Corrective Brightening and Smoothing Moisture Treatment [7558-Views]
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in the United A... [7393-Views]
SAINT HONORE introduces the first watch made out of steel from the Eiffel Tower [7222-Views]
Grand Optics Celebrates 20 Years in the Middle East [6582-Views]
Malabar Gold & Diamonds receives ‘Best Jewellery Brand Award' from India Bullion and Jewel... [6576-Views]
Bottega Verde Introduces The New Splendida Skin Care Line! [6509-Views]
Re - Salons and Spas celebrate Women's Wellness on International Women's Day [6338-Views]
Sharjah Museums to Open Unique Photographic Exhibition of Muslim Communities in China [5911-Views]
Versace Fall/Winter 2016-2017 Collection Preview [5807-Views]
TKD Lingerie: Top 5 lingerie trends from the past five years [5758-Views]
QNET Celebrates World Water Day 2017 with HomePure [5704-Views]
Siemens to help develop Qataris' tech skills [5551-Views]
INSIGHT a natural inspiration, essential choice and passion for hair [5551-Views]
Taste the best of the world at Lulu Hypermarket World Food Expo 2017 [5551-Views]
Hassan Al Qayedi, Afra Al Badi emerge champions in Fazza Championship for Shooting Saktoun... [5411-Views]
Etihad Airways Crowns Winner of ‘Taste the World' at Taste of Hong Kong [5405-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories