After the Paris Summit (cop21), almost all of the participating countries have turned their eyes to renewable energy as a key player in the new global landscape of energy sustainability. We know that more than two thirds of global emissions of greenhouse gases (GHG) are due to the energy sector.
The International Renewable Energy Agency (IRENA) estimated that to meet the Paris Agreement will require doubling the installation of renewable energy source in the next 15 years, which will mean an annual investment up to 2020 of 500,000 million annually, reaching in 2030 the sum of 900,000 million annually.
The same agency estimates that should increase energy efficiency and increase the total renewable energy consumption from 18% in 2010 to 36% in 2030
These numbers lead us to a rapid transformation of the energy sector. The following Monday the Paris Agreement, the NYSE cast rises 1.8% of the companies related to wind power and 1.39% with solar energy.
These two renewable sectors must be enhanced substantially if it is to fulfill the commitment made in Paris for the increase of the temperature at the end of the century to remain well below the target of 2 degrees.
This not only concerns, as we might think, what we call the developed countries. At the Paris Summit, African heads of state have announced plans for a major renewable energy initiative that would provide up to 300 gig watts by 2030, which will double the current total supply of electricity on the continent.
The African Renewable Energy Agency (AREI) has announced that the goal is to achieve 10 gigawatts of new renewable energy by 2020 and mobilize the potential of generating 300 gigawatts by 2030.
By African countries the initiative is driven and represents a part of its contribution to global efforts on climate change and the elimination of energy poverty.
It was in 2014, after two years of falls, when investment in the sector of renewable resumed growth worldwide, reaching the figure of 245,000 million euros. Within a decade the costs of these technologies have significantly decreased and investment has multiplied by six.
But the field of renewable raw does not ask, but calls for certainty in their regulatory frameworks and demands professionals trained to develop this new sustainable scenario.
Also expects investment to help bridge the technological barrier of storage, a requirement to address the unpredictability of wind and solar generation. With thresholds of renewable energy production 40%, is necessary eco-efficient storage system for later use.
Therefore, renewable stand as a key part of the paradigm of energy sustainability, as part of the solution to avoid increased emissions, and as a source of economic development and new employment niches.