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 8076 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
SOUQ.com hosts two-day Samsung carnival with incredible offers on Mobiles, Wearables and A... [13377-Views]
100 New Ways to Transform Your Home With the New Ikea Catalogue [12670-Views]
Perfect Fragrances to Celebrate Eid [12352-Views]
A Post-Summer Pigmentation Saviour from MZ SKIN [11004-Views]
LG V30 to Elevate Smartphone Camera to New Heights [9845-Views]
Next Major Smartphone From LG to Feature First-Ever OLED FullVision Display [9486-Views]
COÉGA Sunwear Launches Contemporary Autumn/Winter '17 Conservative Swimwear [8619-Views]
Michael Kors Debuts New Bancroft Handbag Collection [8211-Views]
International SOS and Control Risks Advise Pilgrims Worldwide Ahead of Hajj 2017 [7436-Views]
Introducing the Fall 2017 GUESS Accessories Collection Advertising Campaign [7369-Views]
Eid Al Adha with Paule Ka Fall-Winter '17 [7290-Views]
Six Down, Two to Go - ADSB Keeps Up Pace in Delivering Ships to Kuwait [7119-Views]
Patrimony Collection Excellence Platine [6618-Views]
Highly Anticipated Audemars Piguet Royal Oak Extra-thin Arrives in the Middle East [6612-Views]
ICONIC announces ICONIC KIDS- Born Different [6356-Views]
Global Jewellery Retail Chain Joyalukkas signs Award-Winning Bollywood Actress Kajol Devga... [6271-Views]
Emily Ratajkowski wears Salvatore Ferragamo eyewear [5917-Views]
UAE Team Emirates to Make Vuelta a España Debut [5813-Views]
SOUQ.com – Your one stop shop for all back to school essentials with up to 60% off [5691-Views]
Zenith Chronomaster El Primero Full Open [5642-Views]
"WATHIQATI" Receives the highest number of documents since its launch from a Nat... [5612-Views]
UAE is likely to see increased cashless transactions by 2020: Xpress Money's Strategy & Di... [5539-Views]
New UAE Space Agency Board of Directors Holds First Meeting [5508-Views]
Education in the UAE continues to cost families almost AED 1 million per child new insight... [5185-Views]
The Aston Martin Vanquish Zagatos: Speedster and Shooting Brake join Coupe and Volante to ... [4886-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories