Less than a quarter of today’s global fossil fuel demand will remain in 2050, according to a forecast by the International Renewable Energy Agency, which maps out how to limit global warming to 1.5 degrees Celsius over the next 30 years.
IRENA's Director General says "scale & speed" needed and oil demand needs to drop 75% plus.
Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study here published on Tuesday.
International Renewable Energy Agency warns world going in wrong direction but 'narrow path' to 1.5 degrees still open.
"The time window for the 1.5-degree target is closing quickly. We are moving in the wrong direction," says Francesco La Camera, Director General of the International Energy Agency for Renewable Energies (IRENA) in Abu Dhabi.
Global oil demand may have hit the peak in 2019 and natural gas will follow suit around 2025, the director general of International Renewable Energy Agency said March 16, as the energy transition gathers pace, echoing forecasts made by BP last year.
If the external costs are included in energy pricing, fossil fuels would automatically become much more expensive than what we need to pay for renewable energies.An earlier study, conducted by the International Renewable Energy Agency (IRENA) in 2016, deduced that simply doubling the share of renewable energies to the global energy mix have the potential to reduce damages from air pollution, related to fossil fuel burning, in the order of $3.2 trillion by 2030 compared to the business-as-usual (BAU) case.
Renewable electricity production needs to grow eight times faster than the current rate to help limit global heating, according to a report. The International Renewable Energy Agency (Irena) said urgent action was needed to keep pace with rising demand for electricity, which could require a total investment of $131tn in renewables by 2050.
Regional and global business leaders, policy makers and government representatives throughout the energy sector convened at the Asia Pacific Energy Week to discuss regional challenges and opportunities. IRENA continues working with all stakeholders to accelerate energy transitions around the world.
The new coronavirus has hit the world economy. However, the impact of the coronavirus on the spread of renewable energy was relatively small. The price of renewable energy continues to fall, making it the most convenient way to generate electricity.
Intesa Sanpaolo is the first Italian bank to join the Climate Investment Platform (CIP), an initiative born from the partnership between the International Renewable Energy Agency (IRENA), the United Nations Development Program, the Sustainable Energy for All organization and the Green Climate Fund to increase funding dedicated to the energy transition and allow each country to achieve ambitious climate goals.
Intesa Sanpaolo is the first Italian bank to join the Climate Investment Platform (CIP), an initiative born from the partnership between the International Renewable Energy Agency (IRENA), the United Nations Development Program , the Sustainable Energy organization for All and the Green Climate Fund to increase funding dedicated to the energy transition and enable each country to achieve ambitious climate goals.
Qualified professionals working in clean energy are essential in a context in which sustainability is increasingly valued. Ethanol and biodiesel are the most common in Brazil and here is an encouraging fact: according to the report “Renewable Energy and Jobs”, published by the International Renewable Energy Agency (IRENA), Brazil opened 832 thousand jobs in the area in the year alone 2019.
The Inter-American Development Bank (IDB) and the International Renewable Energy Agency (IRENA) are teaming up to promote renewable energy investment in Latin America and the Caribbean, backing the energy transition in the region.
The Inter-American Development Bank (IDB) and the International Renewable Energy Agency (IRENA) have today signed a partnership that will help drive the energy transition in Latin America and the Caribbean (LAC) in line with the 2030 Agenda for Sustainable Development and the Paris Agreement.
An increasing number of countries are striving to reduce or eliminate carbon emissions. The transition to a greener planet requires and will increasingly require the availability of professionals capable of implementing innovative solutions in every sector. To hit the Paris agreement target, wind projects will have to grow nearly 10 times globally by 2050, according to the International Renewable Energy Agency (IRENA) . Today wind energy employs 1.2 million people worldwide, including wind turbine technicians. The latter will be crucial above all to ensure the proper functioning of the new, gigantic offshore wind turbines, which cost hundreds of millions of dollars each.
The development of green hydrogen trade between countries is reliant on an international guarantees of origin scheme agreed by all key proponents, intergovernmental organization the International Renewable Energy Agency (IRENA) said March 9. As countries such as Chile, Australia, Canada and Norway develop large electrolysis capacity, they will look to export surplus green hydrogen, IRENA Associate Programme Officer Emanuele Bianco said, while potential importers include Germany, Japan and South Korea.
Women's participation in the energy sector is lower than in the wider economy. Why? Although women make up 48% of the world 's active workforce, only 22% of the oil and gas workforce are women, with a corresponding 32% in Renewable Energy , according to research published by 2019 IRENA (International Renewable Energy Agency).
The data tell us that women and children are the most vulnerable to the long-term repercussions of climate change and its consequences. Our moral commitment is to achieve qualitative steps in the representation of women in this sector globally, in order to enhance the economic and social consequences resulting from empowering women cadres in various sectors and bridging the gender gap as well. That is why we are working in the International Renewable Energy Agency (IRENA) constantly, in cooperation with our partners in the international community, to achieve this fundamental trend to promote continuous progress.
Land set aside for a hydrogen plant and the wind and solar farms to power it in Neom, Saudi Arabia. Green hydrogen is produced by using renewable energy rather than fossil fuels. The current cost of producing a kilogram is a little under $5, according to the International Renewable Energy Agency.