Global Renewable Energy Share to Double By 2030

The global energy share can reach and exceed 30 per cent by 2030, while energy efficiency and improved energy access can advance the share of renewables in the global energy mix to as much as 36pc, the International Renewable Energy Agency (IRENA) said in a report on Monday.

The report, “Remap 2030” maps out a pathway for doubling the share of renewable energy in the global energy mix based on the technologies which are available today.

The deployment of modern renewables — renewable energy sources that exclude traditional use of biomass — needs to grow more than threefold, the study shows.

A rethinking of energy taxes and subsidies is critical to the economic case for renewable energy. A reduction of fossil fuel subsidies will facilitate the uptake of renewables. Subsidies for renewable energy can disappear altogether, if green house gas emissions and other air pollution are reasonably priced, it says. — Full Story at DAWN

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