For the energy transition to take place and renewable energy to become the reality of the global matrix, trillionaire investment is required by 2030
On Tuesday, March 29th, the International Renewable Energy Agency (IRENA) released the newest version of the “World Energy Transitions Outlook” report, in which priority actions for the next 8 years are portrayed. , by 2030, in order to preserve the target of imposing a limit on global warming of up to 1,5°C. As the IRENA document shows, it will be necessary to carry out investments of US$ 5,7 trillion annually until 2030 in the global energy transition, in addition to redirecting US$ 700 billion per year that would go to fossil fuels, avoiding idle assets. In this way, the world additions of the energy energy per year would grow three times more by 2030, following the recommendation of the Intergovernmental Panel on Climate Change (IPCC).
Thus, as disclosed in the original article by the PetroNotícias news vehicle, the director general of IRENA, Francesco La Camera, stated that “the energy transition is far from being on the right path and any less radical action in the coming years will reduce, even eliminate the chances to meet our climate targets.” In addition, the director general of IRENA added: “Today, governments face several challenges of energy security, economic recovery and affordability of energy bills for homes and businesses. Many answers lie in the accelerated transition. But it is a political choice to implement policies that comply with the Paris Agreement and the Sustainable Development Agenda. Investing in new fossil fuel infrastructure will only block uneconomic practices, perpetuate existing risks and increase threats from climate change.”
In addition, the International Renewable Energy Agency (IRENA) believes that making investments in the energy transition to renewable sources would bring fully perceptible socioeconomic and well-being benefits. From the energy transition, 85 million job vacancies around the world in different sectors of renewable energy – such as solar, which has been receiving a lot of attention from large institutions – and other technologies linked to the energy transition, between now and 2030. This large volume of jobs represents a much greater gain compared to the loss of 12 million jobs in the fossil fuel industries. Thus, in general, many nations would have more contact with great benefits in the trajectory of energy transition, than in traditional business transactions. You can check out the full report on the website of the International Renewable Energy Agency (IRENA), available here at this link.
About IRENA
Formally created in 2009, during the Bonn Conference, the Agency is headquartered in Abu Dhabi and currently has the presence of 154 Member States, in addition to 26 States in the process of integration.
IRENA's main function is to help and support nations in the energy transition to a sustainable matrix, that is, with a renewable energy source, serving as a repository and disseminator of knowledge and good practices, a platform for dialogue, and a provider of services, technical tools, analyzes and cooperation projects in the area of renewable energy.
Thermal solar energy: CESP announces a pioneering plant in the national context, capable of supplying more than 300 homes
On the week of March 20, the Companhia Energética de São Paulo (CESP) inaugurated the first solar thermal power plant in Brazil, located in the municipality of Rosana, in São Paulo. In the process of development for approximately 5 years, since 2017, now, with the start of operations, the country receives a new milestone for energy generation. In partnership with Lactec, Eudora Energia, MRTS Consultoria and MFAP Consultoria, the plant project was created as part of the Electric Energy Sector Research and Development Program, regulated by the National Electric Energy Agency (Aneel). To learn more about innovations in renewable energy, click here to read this full article.
