The global renewable energy share can reach and exceed 30% by 2030 at no extra cost. Again that is according to “REmap 2030″. It is a report published by the International Renewable Energy Agency (IRENA). The study maps out a pathway for doubling the share of renewable energy in the global energy mix. Best part is it is based on the technologies that are available today. For example and I have talked about this sucker for ages is Energy efficiency. Nevertheless you have to include improved availabilty of cost-effective renewable energy technologies. You know like ones that can advance the share of renewables in the global energy mix. Can we say by up to 36%, according to the new report!
The deployment of modern renewable energy (renewable energy sources that exclude traditional burning of biomass such as wood) needs to grow more than threefold, the study shows. The study suggests a rethinking of energy taxes and subsidies. They believe that is critical to the economic case for renewable energy. I am not to sure about that though!! Subsidies for renewable energy could disappear altogether. However, if greenhouse gas emissions and other air pollution are reasonably priced, the report argues all bets are off.
In conclusion, “REmap 2030” builds on the analysis of the energy supply and demand of 26 countries. These countries account for 74% of projected global total final energy consumption in 2030. Finally, IRENA is the global hub for renewable energy cooperation and information exchange by 124 member states. That’s including the United States and the European Union. See the IRENA press release.