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Business & govt. leaders discuss need to rapidly increase renewables to meet Paris climate agreement goals

Author: International Renewable Energy Agency, Published on: 14 November 2016

"Decarbonising the Global Economy: Thinking Differently to Achieve a Renewable Energy Future," 14 Nov 2016 

…During a plenary session at the World Climate Summit on 13 November, held on the sidelines of COP22…a diverse panel of speakers discussed the kinds of innovations needed to achieve rapid deployment of renewables…IRENA Director General Adnan Z. Amin introduced the session with the observation that the transformation of the power sector is no longer an issue given that the business case has become so clear…The greater challenge…lies with finding solutions for transport, heating and cooling, and energy intensive industries…Paddy Padmanathan, President and CEO of…ACWA Power International, described how his company set world records for low-cost wind and solar generation. But he also…said that key factors for success include clear procurement policies, a strong enabling environment with clearly established rules, and a long-term mind-set amongst investors…Bruno Bensasson of ENGIE South Africa explained that Africa needs reliable, competitive sources of energy, and that until recently renewable energy wasn’t seen as meeting either of those needs. This view is rapidly changing as costs have gone down…

 

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Related companies: Engie (formerly GDF Suez)