In a report that the agency will present during the COP25 Climate Summit, greater effort is requested to transform the global energy system
A new report from the International Renewable Energy Agency (IRENA) will urge countries to significantly increase renewable resources with the aim of an energy transformation in the next round of Nationally Determined Contributions.
IRENA is going to ask countries to significantly increase the resources they use for the penetration of renewables into their energy systems. In a report that the agency will present during the COP25 Climate Summit, greater effort is requested to transform the global energy system in the next round of Nationally Determined Contributions (NDCs).
Certain national contributions (NDCs) are commitments that the member countries of the Conference of the Parties have voluntarily made following the signing of the Paris Agreement with the objective of reducing the emission of greenhouse gases. These challenges are made based on their respective realistic situations and capabilities, and focus on mitigation actions, but also include commitments in adaptation, financing or technological innovation.
The study states that, with more than 2.3 TW of renewable capacity currently installed, almost half of the additional renewable energy capacity planned by current NDCs has already been installed.
IRENA report data
IRENA will show in its report that the efforts aimed at renewables under the NDCs would have to double before 2030 to update the planet with the objectives of the Paris Agreement, actually reaching 7.7 terawatts of installed renewable capacity Worldwide. With the current resources, everything indicates that in 2030 the installed capacity would be 3.2 TW.
The report, which is called “NDCs in 2020: Advancing Renewables in the Power Sector and Beyond” will be announced at the official parallel event of IRENA on the improvement of the NDCs on December 11, 2019. The study states that, With more than 2.3 TW of renewable capacity currently installed, almost half of the additional renewable energy capacity provided by current NDCs has already been installed. The analysis will also highlight that increasing the ambition of renewable energy can be achieved profitably and with considerable socio-economic benefits throughout the world.
Francesco La Camera, CEO of IRENA:
“It is absolutely necessary to increase renewable energy goals. Much more is possible. There is a decisive opportunity for policy makers to intensify climate action by increasing the ambition for renewable energy, which is the only immediate solution to meet the growing demand for energy, while decarbonising the economy.»
Regarding the analysis, La Camera added:
«IRENA’s analysis shows that a path to a decarbonised economy is technologically possible and socially and economically beneficial. Renewable energies are good for growth, good for job creation and offer significant welfare benefits. With renewable energy, we can also expand access to energy and help eradicate energy poverty in line with the United Nations 2030 Agenda for Sustainable Development. IRENA will promote knowledge sharing, strengthen partnerships and work with all stakeholders to catalyze action on the ground. We are collaborating with countries and regions around the world to facilitate renewable energy projects.»