The World Energy Transformation Outlook checks for activities to keep 1.5°C alive until 2030 and urges countries to accelerate energy transitions for higher fuel stability, resilience, and accessibility for all. High fuel prices, energy safety issues, and the urgency of climate change highlight the urgent need to transition to a clean energy system sooner rather than later.
The International Renewable Energy Agency’s (IRENA) Outlook, which was released recently at the Berlin Energy Transition Dialogue, identifies priority areas and activities based on available technologies that must be implemented by 2030 in order to acquire net-zero emissions by mid-century. It also assesses current progress across all energy needs, emphasizing the slow and insufficient pace and magnitude of the renewables-based shift. Adoption of innovative fossil fuel systems would merely lock in unprofitable practices, worsen existing risks, as well as increase climate change challenges.”
“It’s past time to take action,” says La Camera. “Recent events have proved unambiguously that rising fossil fuel costs can lead to energy poverty and a loss of economic competitiveness. 80 percent of the world’s population lives in countries that are not fossil fuel importers. Renewables, on the other hand, are available in every country, offering a way out of import dependency and allowing countries to decouple industries from fossil fuel costs while driving economic growth and creating jobs.”
The world’s greatest energy consumers and carbon emitters from the G20 and G7 must take the lead and implement ambitious domestic and international plans and investments. By 2030, they would have to support a global supply of 65 percent renewable energy in power generation. For a more inclusive and egalitarian world, climate finance, knowledge sharing, and support would have to rise.
End-use decarbonisation will take centre stage, with several options such as electrification, green hydrogen, and direct renewable energy consumption. Electromobility, in particular, is seen as a key driver of energy transition progress, with sales of electric vehicles (EV) increasing to a global fleet that is twenty times larger than it is today. To reach the required deployment levels by 2030, a comprehensive set of cross-cutting, structural policies covering all technology paths and just transition objectives is required. Increasing ambition in NDCs and national energy plans under the Glasgow Climate Pact is necessary to give certainty and lead investment strategies in line with 1.5°C.
Finally, allowing a speedy transition that meets climate and development goals necessitates political commitment to high-level international cooperation. An equitable and inclusive energy transition requires achieving the Sustainable Development Goals and providing universal access to modern energy by 2030. A comprehensive global policy framework can bring countries together to facilitate international financial, capacity, and technology flows.
Author : Swastika Jha