Economy and Human Welfare to Grow Under IRENA’s 2050 Energy Transformation Roadmap

17 April 2018 | Press Releases

A six-fold increase in renewable energy adoption is required to stay below two-degrees, avoid escalating stranded assets, and will by 2050 grow the global economy an additional one per cent while improving global welfare.

Infographics

  • Almost a quarter of global electricity generation comes from renewables — supportive policies can further increase this share
  • Heat consumption remains heavily fossil fuel dependent. Decarbonising the heating sector is crucial objective for policy makers furthering the energy transition
  • IEA, IRENA and REN21 have collaborated to produce a comprehensive overview of renewable energy policy
  • Because of the importance of energy density in the sector, transport remains heavily reliant on fossil fuels and few policies address increasing renewables' share
  • Feed-in-tariffs, auctions and premiums have all been key in enabling the massive increase of renewable power capacity over the last decade
  • A number of countries and regions already have double-digit shares of variable renewables and their integration experience can provide examples for others
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