The International Renewable Energy Agency (IRENA) will deliver a clear message to policy makers, civil society leaders and business decision makers in New York during the 74th Session of the UN Assembly and the Climate Action Summit next week. The Agency will reinforce the fact that limiting climate change within the 11-year time frame specified by the Intergovernmental Panel on Climate Change (IPCC) is possible, but global energy investments must pivot away from fossil fuels and into low-carbon technologies such as renewables.
Renewable energy has great potential to meet growing demand if it has appropriate policies and financial support. The statement was made by Simon James, Climate Change and Energy Adviser at World Wildlife Fund (WWF) in Việt Nam, at a conference held in Hà Nội on Wednesday. The workshop aimed at updating the situation of renewable energy development, opportunities and difficulties when investing in renewable energy and green financial initiatives. According to the WWF’s energy outlook, a transition to 100 per cent renewable energy by 2050 is possible.
Carbon dioxide (CO2) emissions from energy production, a key contributor to global warming, are still rising despite many efforts to promote greener habits. But with the world population forecast to exceed 9 billion by 2040, up from 7.7 billion today, energy demand growth of more than 25% is expected, according to World Energy Outlook 2018 by the International Energy Agency (IEA). That will require over US$2 trillion a year of investment in new energy supply.
Zion Market Research published a new 110+ pages industry research “Renewable Energy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in its database. The latest research report covers a comprehensive analysis of the global Renewable Energy Market including the development rate of the market during the predicted period. The report represents a brief layout of the market along with the volume and assessment of the global Renewable Energy Market in the future period.
The Philippine government is being urged to provide more support for renewable energy (RE) development to help meet the country’s capacity goals and requirements for clean energy. During Powertrends 2019, Aboitiz Power Corp. chief operating officer Emmanuel Rubio said the country has seen an increase in RE development since the Electric Power Industry Reform Act (EPIRA) of 2001 and the Renewable Energy Act of 2008 were enacted. “These two laws led to the rapid rate of RE development that will eventually bring the country to where it is today in terms of RE,” he said.
Vietnam's renewables policymakers have been rewarded for their steady management of the solar feed-in-tariff (FiT) program with impressive renewable capacity gains, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report analyses Vietnam’s solar success along with the steps needed to support improved performance for Vietnam’s renewables program. Vietnam’s solar FiT program awarded a US$0.09 per kilowatt tariff (kWh) to solar developers delivering new capacity by the end of June 2019.
If Asia is to rise to the clean energy challenge, then sharing energy between countries will be one way to deal with intermittency issues. But political obstacles aside, how will it work? In the future, if countries could tap into the renewable energy resources of their neighbours, they could eventually wean off polluting fossil fuels and improve quality of life, said Christopher Len, senior research fellow at the Energy Studies Institute, National University of Singapore.
The National Energy Policy Council (NEPC) has approved community-owned power projects under the Energy for All scheme, enabling private companies to form joint ventures with local communities to operate renewable power projects in remote areas. The council, chaired by Prime Minister Prayut Chan-o-cha, gave the nod on Wednesday in order to enhance the management efficiency of local power projects.