Johanna: Created page with "{{Pub Database |Pub Title=Transforming the energy system |Pub Organization=IRENA |Pub Month=September |Pub Year=2019 |Pub Abstract=In response to the threat of climate change,..."

2019-09-25T15:16:33Z

Created page with "{{Pub Database |Pub Title=Transforming the energy system |Pub Organization=IRENA |Pub Month=September |Pub Year=2019 |Pub Abstract=In response to the threat of climate change,..."

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{{Pub Database
|Pub Title=Transforming the energy system
|Pub Organization=IRENA
|Pub Month=September
|Pub Year=2019
|Pub Abstract=In response to the threat of climate change, countries around the world have pledged to invest in low-carbon energy. National plans and investment patterns, however, show a stark mismatch with the pathway to meet the commitments set out in the Paris Agreement, which would keep the rise in global temperatures well below 2 degrees (oC) and ideally hold the line at 1.5oC.

At least USD 95 trillion worth of energy investments are planned worldwide until mid-century. But those plans and related investments are not always channelled toward climate proof systems.

This report from the International Renewable Energy Agency (IRENA) explores two broad future paths: Current Plans (meaning the course set by current and planned policies); and the path for a clean, climate-resilient Energy Transformation.

IRENA’s analysis shows that planned fossil-fuel investments must be substantially redirected, with annual investments in renewables more than doubled for the coming decade. A comprehensive energy transformation can create a better energy system – one capable of ensuring that average global temperatures at the end of the century are no more than 1.5°C above pre-industrial levels. But to make this happen, the pace and depth of investments in renewables must be accelerated without delay, the report urges.

Among other findings:

*Creating a climate-safe system calls for USD 110 trillion worth of investments in the energy sector by 2050, compared to USD 95 trillion currently planned.
*Much of the USD 95 trillion currently planned for investments by 2050 must be redirected from fossil fuel investments to clean technologies.
*Renewables – including power generation, end-use applications and biofuels – would account for USD 27 trillion worth of energy transformation investments by 2050.
*Compared to current plans, the transformation would create 7 million more jobs and boost global GDP by 2.5%.

|Pub Topics=Climate Change, Energy Efficiency, Energy Access, Financing and Business Models, Renewable Energy, Solar, Off-grid, Other
|Pub Download=https://www.irena.org/publications/2019/Sep/Transforming-the-energy-system
|Pub Newsletter=No
}}

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Johanna: Created page with "{{Pub Database |Pub Title=Transforming the energy system |Pub Organization=IRENA |Pub Month=September |Pub Year=2019 |Pub Abstract=In response to the threat of climate change,..."