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World Energy Transitions Outlook 2022

World Energy Transitions Outlook 2022:

The International Renewable Energy Agency (IRENA) launched the World Energy Transitions Outlook 2022 at the Berlin Energy Transition Dialogue.

  • The Berlin Energy Transition Dialogue (BETD) has become a leading international forum for key stakeholders of the energy sector.
  • Energy transition refers to the global energy sector’s shift from fossil-based systems of energy production and consumption — including oil, natural gas and coal — to renewable energy sources like wind and solar, as well as lithium-ion batteries.
  • The Outlook sets out priority areas and actions based on available technologies that must be realised by 2030 to achieve net zero emissions by mid-century.
  • It also takes stock of progress across all energy uses to date, which shows that the current pace and scale of the renewables-based transition is inadequate.
  • It provides in-depth analysis of two areas particularly relevant for the decarbonisation of end-use sectors: electrification and bioenergy.
  • It also explores the socio-economic impacts of the 1.5°C pathway (under Paris Agreement) and suggests ways to speed progress towards universal access to clean energy (renewable energy).

Findings of the Outlook:

  • Global annual additions of renewable power will triple by 2030 as recommended by the Intergovernmental Panel on Climate Change.
  • At the same time, coal power will have to resolutely be replaced, fossil fuel assets phased out and infrastructure upgraded.
  • The Outlook sees electrification and efficiency as key drivers of the energy transition, enabled by renewables, hydrogen, and sustainable biomass.
  • End-use decarbonisation will take centre-stage with many solutions available through electrification, green hydrogen, and the direct use of renewables.
  • High fossil fuel prices, energy security concerns and the urgency of climate change underscore the pressing need to move faster to a clean energy system.