Rise of renewable energy sources creating 'new world': IRENA report

  • Client

    International Renewable Energy Agency (IRENA).

  • Services

    To help impoverished African nations achieve energy independence.

  • Technologies

    Solar Energy

  • Dates



Abu Dhabi: The fast development of sustainable power sources and the end of non-renewable energy sources are causing real changes in worldwide legislative issues, an uncommon commission said in a report Friday.

The move "will change the worldwide dispersion of intensity, relations between states, the danger of contention, and the social, financial and ecological drivers of geopolitical insecurity," said a the commission set up by the International Renewable Energy Agency (IRENA).

Sun oriented, wind and different renewables, which at present make up around a fifth of worldwide vitality generation, are becoming quicker than some other source, the report said.

Commission administrator and previous leader of Iceland, Olafur Ragnar, said the move will probably make China overshadow the United States, put oil-subordinate Gulf states in danger and help devastated African countries accomplish vitality freedom.

"It is hard to foresee when, yet this change is occurring thoroughly and quick," Ragnar told AFP.

The report, entitled "A New World", was propelled at IRENA's ninth general get together in Abu Dhabi.

"The move from petroleum derivatives to renewables is driven by new innovations and falling costs, progressively making renewables as aggressive as customary wellsprings of vitality," the report said.

The expense of power from sunlight based sources has dropped by 75 percent since 2009 while the cost of wind turbines divided over a similar period, it said.

IRENA secretary general Adnan Amin said the body's investigation demonstrates that "by 2020, all monetarily accessible sustainable advances will be comparable to, or less expensive than, petroleum products contenders".

He said that in 2017, a record 168 gigawatts of power were produced from sustainable sources - twofold the earlier year.

The IRENA commission likewise cautioned that nations are vigorously reliant on petroleum derivative fares would need to adjust to stay away from "genuine financial outcomes".

Be that as it may, it stated, renewables will be an amazing vehicle of democratization since they make it conceivable to decentralize the vitality supply.