World Energy Transitions Outlook: 1.5°C Pathway
Part of: GS Prelims and GS – III – Climate change
- The International Renewable Energy Agency (IRENA) released the World Energy Transitions Outlook report.
Key highlights of the report:
- The report proposes energy transition solutions for the narrow pathway available to contain the rise of temperature to 1.5 degree Celsius.
- The COVID-19 crisis offers an unexpected opportunity for countries to decouple their economies from fossil fuels and accelerate the shift to renewable energy sources.
- It estimated that by 2050, 90% of total electricity needs would be supplied by renewables, followed by 6% from natural gas and the remaining from nuclear.
- The agency has identified 30 innovations for the integration of wind and solar PV in power systems.
Important value additions
The International Renewable Energy Agency (IRENA)
- It is an intergovernmental Organisation.
- Mandate: To facilitate cooperation and promote the adoption and sustainable use of renewable energy.
- Founded in: 2009
- Its statute entered into force in 2010.
- Headquarter: Masdar City, Abu Dhabi.
- IRENA is an official United Nations observer.