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HomeEarthNew report highlights renewable energy progress, potential and challenges

New report highlights renewable energy progress, potential and challenges

New report highlights renewable energy progress, potential and challenges

New report highlights renewable energy progress, potential and challenges

Dubai (United Arab Emirates) – The International Renewable Energy Agency (IRENA) and World Meteorological Organization (WMO) have released their first joint report to strengthen understanding of renewable energy resources and their intricate relationship with climate variability and change. It seeks to inform policy-making and hasten the transition

The report, 2022 Year in review: Climate-driven Global Renewable Energy Potential Resources and Energy Demand, launched at COP28 in Dubai today, highlights the key role of weather and climate information and services in meeting the untapped potential and challenges in the transition to renewable energy.

Renewables now dominate new sources of supply. In 2022 alone, 83% of new capacity was renewable, with solar and wind accounting for most additions. Such an increase is key to achieving decarbonized energy systems by 2050, with an accompanying steep and decisive decline of fossil fuel consumption, according to the report, “2022 Year in review: Climate-driven Global Renewable Energy Potential Resources and Energy Demand”.

The global total installed capacity of renewable power, and its share in the electricity grid, has been steadily increasing over the past two decades. Today, some 30% of power generation globally is renewable, due to rapid deployment in the past decade, according to the report.

It provides a much-needed glimmer of hope.

“Renewable energy, primarily driven by the dynamic forces of solar, wind and water cycle, has surged to the forefront of our global power generation. This transition is a powerful catalyst for mitigating climate change, safeguarding our planet, and ensuring a prosperous future for generations to come,” said WMO Secretary-General Prof. Petteri Taalas.

But the report stresses that more decisive actions are needed to speed the exit from fossil fuels. And more needs to be done to increase the climate resilience of renewable energy operations, management, planning and investment.

IRENA Director-General Francesco La Camera said: “Renewables are critical to achieving a successful energy transition and are a powerful catalyst for mitigating climate change. To stay on the 1.5°C climate pathway, global renewable capacity must triple by 2030. It is also essential that policy makers proactively future-proof energy infrastructure and assets, to account for the impacts of climate change and resulting growing demand.”

The report provides insights on the links between renewable energy resources and weather and climate conditions. It highlights the importance of understanding how changes in weather patterns could impact the potential capacity of wind, solar and hydropower. The analysis also shows how climate change will impact energy supply and demand, particularly in the context of heating and cooling.

The assessment is an initial step towards a more rigorous evaluation on the role of climate on Renewable Energy supply and demand. Such information can be used both as a retrospective analysis and to aid future decision-making. Ultimately, policy makers, energy planners and resource managers, as well as grid operators, will need comprehensive data and analysis to fully understand the magnitude and patterns of observed variations in resources and demand, says the report.

An image of wind turbines and a pond.

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