From its headquarters in Abu Dhabi, the International Renewable Energy Agency (IRENA) called for accelerating the path of adopting clean energy, so that the proportion of renewable energy sources reaches 57% of the global energy volume by 2030, compared with 26% today, and the agency issued a booklet titled « 10 years: Going forward with work »Through which she stressed the need to double the annual investment in the clean renewable energy sector from about $ 330 billion currently to about $ 750 billion at the end of the current decade, according to the Emirates Future Observatory website.
The agency noted that raising the share of renewable energy in the global energy mix by more than twice over the next ten years, will contribute to advancing the transformation of the global energy system and achieving the goals of sustainable development and laying the foundations necessary to ensure climate safety and address global warming, and the brochure included a presentation of the most recent global developments, The measures required to expand the use of renewable energy, and the importance of meeting many of these investments, are by reorienting planned investments in the fossil fuel sector, which amounts to about $ 10 trillion by 2030.
“The path of transformation of the global energy system will accelerate at an unprecedented pace, and by this we have entered the renewable energy contract, which necessitates us to put in place enabling policies that are necessary at the maximum speed and increase the investments of renewable energy significantly during The next ten years. ”
He added that «renewable energy is the key to sustainable development and should be focused on in the economic plans of all countries of the world, as renewable energy solutions are available at a reasonable cost and widely spreadable, allowing for a move towards a low-carbon future. IRENA will work to enhance knowledge sharing and encourage partnerships and cooperation with all stakeholders, from private sector leaders to decision makers, to stimulate action on the ground. ”
The agency considered that the additional investments achieve significant savings in external costs; and it reduces losses due to climate change as a result of inaction. The agency predicted that these savings would range from $ 1.6 to $ 3.7 trillion annually, by the year 2030, i.e. between 3 and 7 times the cost of investment in the transformation of the global energy system.
The agency pointed to the high frequency of renewable energy technologies, in light of the low costs, as the costs of solar energy decreased during the last decade by about 90%, and the prices of wild wind turbines decreased by half during the same period.
The agency suggested that the costs of solar and wind energy reach competitive levels of traditional energy, by 2030, to cover their total output about 35% of global energy needs, in line with the United Nations sustainable development goals, so that renewable energy sources turn into a vital tool to bridge the access gap. Energy, as renewable energy is now available to about 150 million people worldwide.