With the UN Paris climate talks less than one week away, IRENA (International Renewable Energy Agency) highlights the central role renewable energy and energy efficiency must play in any effort to reduce greenhouse gas (GHG) emissions.
Achieving a 36 percent global renewable energy goal by 2030 would yield half the GHG reductions necessary to limit climate warming to the 2ºC (3.6ºF) determined by climate scientists to be a global tipping point. Energy efficiency programs would take us the rest of the way, IRENA highlights in a news release.
IRENA director-general Adnan Z. Amin highlighted the pivotal role of energy sector businesses in reaching the 36 percent by 2030 global renewable energy goal. “The energy sector accounts for more than two-thirds of global greenhouse gas emissions, and therefore must be the focus of climate action,” he was quoted as saying.
“Transitioning rapidly to a future fueled by renewable energy, accompanied by increasing energy efficiency, is the most effective way to limit global temperature rise. This transition is underway but it must be accelerated if we are to limit global temperature rise to two degrees Celsius.”
36 Percent renewable energy by 2030: Getting from here to there
IRENA emphasized the magnitude of the challenge associated with making a global transition from fossil fuels to higher energy efficiency and renewable energy. Renewable energy generation capacity would need to increase six-fold from current levels in order to achieve the 36 percent by 2030 goal, according to the ¨REthinking Energy 2015¨ report.
That, in turn, would require annual global renewable energy investment nearly double to exceed $500 billion from today to 2020 and nearly triple to exceed $900 billion from 2021-2030, according to IRENA.
Abu Dhabi-based IRENA goes on to highlight five key actions needed to achieve the global 36 percent by 2030 renewable energy goal and a sustainable energy future:
- Strengthening policy commitments;
- Mobilizing investments;
- Building institutional capacity;
- Linking renewable energy to UN Sustainable Development Goals; and
- Enhancing regional engagement.
Renewable Energy’s central role in sustainable development
Besides being a major contributor to climate change mitigation and adaptation initiatives, realizing the 36 percent by 2030 renewable energy goal would contribute substantially to 12 of the 17 UN Sustainable Development Goals (SDGs), IRENA said.
The successor to the Millennium Development Goals (MDGs), the UN General Assembly adopted the 2030 Agenda for Sustainable Development at its annual opening meeting this past September. The Agenda for Sustainable Development sets the strategic course for the 193-member UN community of nations for the next fifteen years.
Secretary-General Ban Ki-moon called the SDG Agenda ¨a universal, integrated and transformative vision for a better world.
“The new agenda is a promise by leaders to all people everywhere. It is an agenda for people, to end poverty in all its forms – an agenda for the planet, our common home,” Ban stated upon opening the UN Sustainable Development Summit.
*Image credits: IRENA, ¨REthinking Energy 2015¨