International governments must move to rapidly adopt renewables-led, energy market-transforming policies to speed up the global build-out of wind and solar plant power funded by Covid-19 economic stimulus packages, if the world is to bend the curve of temperature rise to reach Paris Agreement targets, a new report from DNV GL has said. The consultancy, in a five-point “call to action” released with the final instalment of its Transition Faster Together series, said that the pro-clean-energy election commitments of US President-elect Joe Biden, UK Prime Minister Boris Johnson’s tabling of a ‘green industrial revolution’ plan, and the EU announcing a target of increasing offshore wind power 25-fold that of today, all indicated climate action “strides” were being made.
Recharge News 30th Nov 2020 read more »
Published by Norwegian certification giant DNV GL, Transition Faster Together: 2020 Conclusions warns that much more action is needed to get within striking distance of the Paris Agreement goals. Meeting climate targets will require an unprecedented economy-wide transition to low-carbon practices and technologies, the report emphasises. In its recently launched Energy Transition Outlook, DNV predicted that by mid-century, 62 per cent of the world’s electricity needs will come from solar and wind, generated by 17,000 gigawatts (GW) of installed solar and wind capacity. But “the predicted growth in renewables is far from enough to meet the climate goals of the Paris Agreement”, the environmental auditing firm concludes in its latest analysis.
Business Green 30th Nov 2020 read more »