Quantcast
Insights

How COP21 Will Unleash Massive Global Renewable Energy Growth

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

Show Comments ()
Sponsored
An oil train moves through California's Central Valley. In 2009, 10,000 tank cars transported crude oil in the entire U.S. This one terminal alone proposed bringing in 73,000 cars a year. Elizabeth Forsyth / Earthjustice

Victory: Concerned Citizens and Environmental Groups Stop Oil Train in Its Tracks

A coalition of concerned citizens, environmental groups, and health and safety advocates successfully challenged the approval of a massive refinery and rail project that will further harm air quality in the San Joaquin Valley and subject residents in several states to the catastrophic risks of a derailment involving scores of tanker cars filled with explosive Bakken crude oil.

The Alon Bakersfield Refinery Crude Flexibility Project, approved by the Kern County Board of Supervisors, would have enabled the refinery to unload crude from more than 200 tanker train cars per day, allowing it to import up to 63.1 million barrels of crude oil per year. A lawsuit filed by Earthjustice on behalf of the Association of Irritated Residents, Center for Biological Diversity and Sierra Club claimed that Kern County's certification of an environmental impact report (EIR) failed to meet its legal duty to fully assess the project's risks and disclose them to the public. The court agreed.

Keep reading... Show less
Popular

Keystone Pipeline Permit Could Be Revoked After Last Week's 210,000-Gallon Spill

TransCanada's permit to operate its Keystone tar sands pipeline in South Dakota could be revoked if an investigation into last week's 210,000-gallon leak determines that the pipeline operator violated its license, Reuters reported.

State regulators expressed concern that the Nov. 16 spill in Marshall County was not the first from the controversial pipeline.

Keep reading... Show less
Popular
Corn farms in Elgin Nebraska, on the eastern edge of the Ogallala aquifer. Spirit of America / Flickr

Why These 8 States Could Soon Form the 'Great American Desert'

One of the world's largest underground bodies of fresh water—the Ogallala aquifer—is quickly shrinking, threatening the livelihoods of farmers in eight U.S. states.

Farmers in Colorado, Kansas, Nebraska, New Mexico, Texas, Oklahoma, Wyoming and South Dakota are overexploiting the aquifer beneath an American breadbasket, threatening an estimated $35 billion in annual crops. Agricultural wells are pulling out water faster than rainfall can recharge it—federal data shows the aquifer shrank twice as fast in the past six years as compared to the previous 60.

Keep reading... Show less
African elephant. USFWS

Lawsuit Challenges Trump Administration Over New Elephant and Lion Trophy Policies, Still in Effect Despite Trump's Tweets

The Center for Biological Diversity and Natural Resources Defense Council sued the Trump administration Monday for allowing U.S. hunters to import elephant and lion trophies from Zimbabwe. The lawsuit aims to protect animals and resolve confusion created by the administration's contradictory announcements in recent days.

The suit comes days after the U.S. Fish and Wildlife Service abruptly reversed an Obama-era ban on elephant trophy imports based on catastrophic elephant population declines. Fish and Wildlife also recently greenlighted lion trophy imports from Zimbabwe, despite the controversial killing of Cecil the Lion in Zimbabwe in 2015.

Keep reading... Show less
Sponsored
Below the Mackinac bridge runs Enbridge Line 5, transporting 23 Million gallons of oil and liquid gas every day. Conor Mihell

Four Questions About the New Line 5 Pipeline Report

By Beth Wallace

In June, the state of Michigan released a draft report on alternatives to Enbridge's Line 5 pipeline, which pumps up to 23 million gallons of oil and natural gas liquids (NGLs) per day along the bottom of the Straits of Mackinac. The draft report, written by Dynamic Risk, was met with heavy criticism from all sides, and the National Wildlife Federation joined with many others to suggest numerous and substantive changes. On Nov. 20, the final alternatives report was released to the public. As per an agreement with the state to obtain funding for the report, Enbridge has had five days to review this report before it is released publicly.

Keep reading... Show less
USDA

Thanksgiving Dinner Is Cheapest in Years, But Are Family Farms Paying the Price?

By Sarah Reinhardt

Last week, the Farm Bureau released the results of its annual price survey on the cost of a typical Thanksgiving dinner. The grand total for a "feast" for 10 people, according to this year's shoppers? About 50 dollars ($49.87, if you want to be exact). That includes a 16-pound turkey at $1.40 per pound, and a good number of your favorite sides: stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk.

After adjusting for inflation, the Farm Bureau concluded that the cost of Thanksgiving dinner was at its lowest level since 2013. Let's talk about what that means for farmers, and for all of us.

Keep reading... Show less
Sponsored

Would More People Ride the Bus if It Looked and Felt Like a Train?

By Jeff Turrentine

It moves through city thoroughfares, towering above automobile traffic. It makes frequent stops to pick up and drop off passengers. It has places to sit, places to stand, and—yes—rubber-tired wheels that go 'round and 'round, all through the town.

But don't call it a bus. It's a "trackless electric train."

Keep reading... Show less

Electric Car Sales Surge 63% Globally

Electric vehicles (EVs) continue to gain momentum on the world market.

Global sales of electric and hybrid cars are 63 percent higher than the same quarter last year, and up 23 percent from the second quarter, according to a Bloomberg New Energy Finance (BNEF) report.

Keep reading... Show less
Sponsored

mail-copy

The best of EcoWatch, right in your inbox. Sign up for our email newsletter!