Renewable energy deployment surge puts global power system on track for the IEA’s ambitious net-zero pathway

Mon, 4 Sep 2023 19:13:03 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://rmi.org/press-release/renewable-energy-deployment-puts-global-power-system-on-track-for-ambitious-net-zero-pathway/>

"Rapid growth in solar, wind and battery deployment means that by 2030 the
global electricity system can deliver ambitious net-zero pathways, according to
new research by RMI done in partnership with the Bezos Earth Fund. This
exponential growth in renewable electricity is unlocking widespread benefits,
including security of supply and jobs growth, as well as countering energy
price inflation.

Complementary research from Systems Change Lab, also published today, shows
eight countries have already grown solar and wind generation faster than what’s
needed to limit global warming to 1.5°C, proving that a rapid transition to
renewable energy is possible.

By 2030, solar and wind is forecast by RMI to supply over a third of all global
electricity, up from around 12% today. Based on the forecasts, this would see
solar and wind generate 12,000-14,000TWh by 2030, 3-4 times higher compared
with 2022 levels. It would also surpass recent calls running up to COP28 for a
tripling of total renewable energy capacity by 2030.

Meanwhile, fossil fuel demand for electricity will be in steep decline,
according to the RMI analysis, down as much as 30% from the 2022 peak by 2030,
as renewable electricity further outcompetes hydrocarbons on cost."

Via Future Crunch:
<https://futurecrunch.com/good-news-trachoma-human-rights-mexico-river-madrid-spain/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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