Countries are being urged to significantly raise renewable energy
ambition and adopt targets to transform the global energy system in the
next round of Nationally Determined Contributions (NDCs), according to a
new report by the International Renewable Energy Agency (IRENA) that
will be released at the UN Climate Change Conference (COP25) in Madrid.
The report will show that renewable energy ambition within NDCs would
have to more than double by 2030 to put the world in line with the Paris
Agreement goals, cost-effectively reaching 7.7 terawatts (TW) of
globally installed capacity by then. Today’s renewable energy pledges
under the NDCs are falling short of this, targeting only 3.2 TW.
The report NDCs in 2020: Advancing Renewables in the Power Sector and Beyond
will be released at IRENA’s official side event on enhancing NDCs and
raising ambition on 11 December 2019. It will state that with over 2.3
TW installed renewable capacity today, almost half of the additional
renewable energy capacity foreseen by current NDCs has already been
installed. The analysis will also highlight that delivering on increased
renewable energy ambition can be achieved in a cost-effective way and
with considerable socio-economic benefits across the world.
“Increasing renewable energy targets is absolutely necessary,” said
IRENA’s Director-General Francesco La Camera. “Much more is possible.
There is a decisive opportunity for policy makers to step up climate
action by raising ambition on renewables, which are the only immediate
solution to meet rising energy demand whilst decarbonising the economy
and building resilience”.
“IRENA’s analysis shows that a pathway to a decarbonised economy is
technologically possible and socially and economically beneficial,”
continued Mr. La Camera. “Renewables are good for growth, good for job
creation and deliver significant welfare benefits. With renewables, we
can also expand energy access and help eradicate energy poverty in line
with the UN Sustainable Development Agenda 2030. IRENA will promote
knowledge exchange, strengthen partnerships and work with all
stakeholders to catalyse action on the ground. We are engaging with
countries and regions worldwide to facilitate renewable energy projects
and raise their ambitions”.
NDCs must become a driving force for an accelerated global energy transformation. The current pledges reflect neither the past decade’s rapid growth nor the ongoing market trends for renewables. Through a higher renewable energy ambition, NDCs could serve to advance multiple climate and development objectives.
The report will be available at https://www.irena.org/publications.
