Dhaka, Tuesday, October 23, 2018 03:31 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Not enough investment in renewables: IRENA

Money invested in renewable energy is not enough to reach a climate goal of limiting global warming to 2.0 degrees Celsius, an Abu Dhabi-based green energy organisation said Sunday.

Investment in renewables has increased dramatically in the last decade, but "the rate of growth is not sufficient yet to meet the climate goals", Adnan Amin, the head of renewable energy agency IRENA said.

His comments come less than a week before the inauguration of US President-elect Donald Trump, a climate sceptic who has promised to "cancel" a 196-nation deal to curb global warming.

The landmark climate pact signed in December 2015 sets the goal of limiting average global warming to 2.0 degrees Celsius (3.6 degrees Fahrenheit) over pre-Industrial Revolution levels, by cutting greenhouse gases from burning fossil fuels.

Countries, including the United States, have pledged to curb emissions under the deal by shifting to renewable energy sources.

But a recent IRENA report said the current share of renewable energies in the global energy mix of 18 percent should double by 2030 to keep global warming under 2.0 degrees.

To achieve this, "investments must be scaled up from some $305 billion in 2015, to an average of $900 billion per year between 2016 and 2030," Amin said at the agency`s annual conference.

Renewable energies have become drastically cheaper thanks to recent developments in technology, he said, allowing them to become a "preferred solution", even despite a decline in fossil fuel prices.

The IRENA report said solar panels "costs -- now half of what they were in 2010 -- could fall by another 60 percent over the next decade".

"Off-grid renewables provide electricity to an estimated 90 million people worldwide," it added.

 

Print Friendly and PDF

   You may also like

Category: Renewable
With solar farms and roof panels, Bangladesh inches toward green power goal

Category: Renewable
IDCOL extends Tk 694m term loan facility to Sympa Solar Power

Category: Renewable
13,000 ‘char’ villagers come under solar power network

Category: Renewable
Nepal-Bangladesh to sign energy cooperation pact

Category: Renewable
Power utilities to buy solar power from consumers

Category: Renewable
Nepal plans to sign deal to export power in Bangladesh

Category: Renewable
90 MW power can be generated from city’s waste daily: Nasrul

Category: Renewable
Debonair to buy power from MegaRoof’s solar project

Category: Renewable
President to attend Int’l Solar Alliance Summit in Delhi Mar 11
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Renewable Stories
With solar farms and roof panels, Bangladesh inches toward green power goal
IDCOL extends Tk 694m term loan facility to Sympa Solar Power
13,000 ‘char’ villagers come under solar power network
Nepal-Bangladesh to sign energy cooperation pact
Power utilities to buy solar power from consumers
Nepal plans to sign deal to export power in Bangladesh
90 MW power can be generated from city’s waste daily: Nasrul
Debonair to buy power from MegaRoof’s solar project
President to attend Int’l Solar Alliance Summit in Delhi Mar 11
BPDB signs 200 MW solar power purchase agreement with Beximco


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy