2021 world energy transformation Outlook Report From IRENA

The following is the 2021 world energy transformation Outlook Report From IRENA recommended by recordtrend.com. And this article belongs to the classification: New energy industry, research report.

Irena released a new report “world energy transformation outlook”. The energy industry known for its slow transformation is undergoing dynamic transformation. The urgent need of climate change, energy poverty and energy security to support development and industrial strategies makes the wide adoption of renewable energy and related technologies an essential solution. In the past decade, these factors have shifted from the mainstream of technology, development and international cooperation, especially in the past decade. Even in the face of the turbulence caused by the new crown pandemic, the renewable energy based system also shows extraordinary flexibility. The reliability of the renewable energy based power system with high proportion of solar energy and wind energy is excellent.

There is a consensus that energy transformation based on renewable energy and technology can improve efficiency and is the only way to limit global warming to 1.5 ° C by 2050. Just a few years ago, Irena’s renewable energy approach was considered idealistic. Now, even some of the most conservative energy participants realize that this is the only realistic choice for a climate safe world. This profound and universal conceptual shift stems from undeniable evidence, including technology, policy and market trends that have reshaped the energy industry for more than a decade.

Over the past seven years, more renewable energy has been added to the grid each year than fossil fuels and nuclear energy combined. Renewable energy technologies now dominate the global new generation capacity market because they have become the cheapest source of electricity in many regions.

In 2020, the global new generation capacity of renewable energy will reach 260 GW, more than four times that of other energy sources. This provides a promising way for the rapid decarbonization of the power industry.

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