Quantcast
Environmental News for a Healthier Planet and Life

How COP21 Will Unleash Massive Global Renewable Energy Growth

Business

The latest report from the influential World Resources Institute (WRI), Assessing the Post-2020 Clean Energy Landscapeindicates that we are poised for an exponential growth in renewable energy production after the Paris COP21 climate conference.

According to the report, which analyzes the clean energy plans of eight of the top 10 carbon emitters in the world, the Paris 2015 conference could help double the current market in the next 15 years.

“These new renewable energy targets send strong signals to energy markets and investment circles,” said Jennifer Morgan, global director of the Climate Program, at World Resources Institute.

Assuming these proposed clean energy plans are achieved, total annual renewable electricity generation will increase by nearly four times between now and 2030. This increase is equivalent to all of India’s current energy demand.

Here are some key highlights:

  • China will increase the share of non-fossil fuel in primary energy consumption to around 20 percent by 2030;

  • European Union will achieve at least a 27 percent share of renewable energy consumption by 2030;

  • U.S. will increase the U.S. share of renewables—beyond hydropower—in the electricity generation mix to 20 percent by 2030.

The report also analyzed the current climate plans submitted by all the countries to the UNFCCC, the so-called INDCs. INDCs (intended nationally determined contributions) have been submitted by more than 150 countries and are expected to provide the fundamental plans for a global deal on climate change next month.

Out of the 127 INDCs submitted, 80 percent of them mentioned clean energy: 67 INDCs (53 percent) indicated clean energy targets and 35 INDCs (27 percent) committed to put forward clean energy actions.

This WRI report preceded the release of IEA's "World Energy Outlook 2015," which gives approximately similar projections but with longer targets: Renewables-based generation reaches 50 percent in the EU by 2040, around 30 percent in China and Japan and above 25 percent in the U.S. and India.

"World leaders meeting in Paris must set a clear direction for the accelerated transformation of the global energy sector." Fatih Birol, executive director, IEA.

Unfortunately, according to the IEA these INDCs and current renewables projections for emissions trajectory implies a long-term temperature increase of 2.7C by 2100. Therefore, more must be done to help all the countries accelerate, grow and implement this massive clean energy transition.

YOU MIGHT ALSO LIKE

Corporate and Financial World Are Finally Ready to Take Climate Action

Renewables to Overtake Coal as World’s Largest Power Source, Says IEA

Climate Change Poised to Push 100 Million Into ‘Extreme Poverty’ by 2030

UN Report Measures Significant Progress Ahead of Paris Climate Talks

EcoWatch Daily Newsletter

ROBYN BECK / AFP / Getty Images

By Dave Cooke

So, they finally went and did it — the Trump administration just finalized a rule to undo requirements on manufacturers to improve fuel economy and reduce greenhouse gas emissions from new passenger cars and trucks. Even with the economy at the brink of a recession, they went forward with a policy they know is bad for consumers — their own analysis shows that American drivers are going to spend hundreds of dollars more in fuel as a result of this stupid policy — but they went ahead and did it anyway.

Read More Show Less

By Richard Connor

A blood test that screens for more than 50 types of cancer could help doctors treat patients at an earlier stage than previously possible, a new study shows. The method was used to screen for more than 50 types of cancer — including particularly deadly variants such as pancreatic, ovarian, bowel and brain.

Read More Show Less
Sponsored
Ian Sane / Flickr

Preliminary data from the Centers for Disease Control showed a larger number of young people coming down with COVID-19 than first expected, with patients under the age of 45 comprising more than a third of all cases, and one in five of those patients requiring hospitalization. That also tends to be the group most likely to use e-cigarettes.

Read More Show Less
A woman scoops water in a dry riverbed near Kataboi village in remote Turkana in northern Kenya. Marisol Grandon / Department for International Development

By Raya A. Al-Masri

Different strategies for resisting the spread of the new coronavirus have emerged in different countries. But the one that has cut through everywhere is simple and, supposedly, can be done by anyone: "Wash your hands with water and soap for at least 20 seconds."

Read More Show Less
A USGS map showing the location of a 6.5 magnitude quake that shook Idaho Tuesday evening. USGS

Idaho residents were rattled Tuesday evening by the biggest earthquake to shake the state in almost 40 years.

Read More Show Less