IRENA’s Visionary Roadmap The Global Energy Transformation: A Roadmap to 2050 by IRENA offers an expansive vision for the future of energy. At its core, this roadmap is driven by an imperative: the reduction of energy-related CO2 emissions, paving the way for a holistic energy transition and staying within the Read more…
The Landscape of Renewable Energy In the ever-evolving domain of global energy, renewable sources are gaining prominence. From a mere 14% of the total primary energy supply (TPES) in 2016, the ambition is to soar to 65% by 2050. If the IRENA REmap Case becomes the standard, renewable energy use Read more…
Decarbonising the Power Sector: An Ambitious Path to 2050 In the epoch of global climatic challenges, decarbonizing the power sector remains a paramount ambition. By 2050, the electricity realm should ideally be purged of its carbon footprints. With renewables leading the charge, an increased emphasis on energy efficiency, and power Read more…
In the evolving narrative of environmental conservation, the buildings sector stands at a crossroads. As significant contributors to global emissions, there’s an urgent imperative to streamline energy consumption patterns and embrace a robust transition towards renewables. The Forecasted Dip in Energy Consumption By the time 2050 dawns, we anticipate the Read more…
The energy transformation journey is dynamic and multifaceted. We are in the midst of a transition, powered by a slew of innovations that are redesigning the very fabric of the power sector. Ranging from enabling technologies to reimagined business models, these innovations are paving the way for a sustainable and Read more…
The global trajectory towards renewable energy has witnessed a significant push from corporate stakeholders. Many companies, driven by both ethical considerations and long-term cost-effectiveness, are advancing their efforts in procuring and producing renewable energy. This commitment to greener alternatives is shaping electricity markets worldwide. The Expanding Corporate Renewable Market As Read more…
The transformation of the energy landscape towards renewable resources is driven not just by technology, but also by pivotal policies. Three of these crucial policies are Feed-in Tariffs (FiTs), Net Metering, and Virtual Net Metering. Let’s unravel the intricacies and significance of each. Feed-in Tariffs (FiTs): Catalysing Renewable Projects Feed-in Read more…
Japan’s commitment to renewable energy, particularly solar, has witnessed significant growth, especially post the tragic 2011 events that shook the nation. A community-driven model, known as the “Do it Ourselves” (DiO), stands as a testament to this commitment, blending civic participation with sustainable energy solutions. Historical Backdrop: A Renewed Energy Read more…
The Virtual Power Plant Market: A Financial Overview From its budding stage with a valuation of USD 762 million in 2016, the Virtual Power Plant (VPP) market is on an accelerated trajectory. Forecasted to touch a remarkable USD 4,597 million by 2023, VPPs stand at the cusp of revolutionizing the Read more…
Overview: Unlocking the Financial Potential of Off-Grid Solutions Despite considerable advancements in the financial sector for off-grid solutions, a vast reservoir of potential remains untapped for new Distributed Energy Resources (DER) applications. The challenge lies in the seamless integration of financial instruments with cutting-edge energy solutions. Financial Hurdles in Expanding Read more…