World Energy Transitions Outlook Report:
The International Renewable Energy Agency (IRENA) released the World Energy Transitions Outlook report.
Key highlights of the report:
- Previewed at the virtual Berlin Energy Transition Dialogue, which began on March 16, 2021, the report proposes energy transition solutions for the narrow pathway available to contain the rise of temperature to 1.5 degree Celsius.
- The COVID-19 crisis offers an unexpected opportunity for countries to decouple their economies from fossil fuels and accelerate the shift to renewable energy sources,
- It estimated that by 2050, 90% of total electricity needs would be supplied by renewables, followed by 6% from natural gas and the remaining from nuclear.
- The agency has identified 30 innovations for the integration of wind and solar PV in power systems.
The International Renewable Energy Agency (IRENA) is an intergovernmental organisation mandated to facilitate cooperation and promote the adoption and sustainable use of renewable energy.
- It was founded in 2009 and its statute entered into force in 2010.
- The agency is headquartered in Masdar City, Abu Dhabi.
- IRENA is an official United Nations observer.