World Energy Transitions Outlook: 1.5°C Pathway 

World Energy Transitions Outlook: 1.5°C Pathway 

Part of: GS Prelims and GS – III – Climate change 

In news

• 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.