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IREA report Envisages 10 Fold Increase in Global c by 2050

Power News - Published on Mon, 06 Jan 2020

Image Source: IREA Wind Power
The pace of development of offshore wind technologies and markets is faster than most people would have expected a few years ago. Larger wind turbines are enabling more efficient energy production and lower electricity costs, paving the way to achieve more than 1,000 gigawatts of cumulative offshore wind capacity by 2050 to meet the Paris Agreement. A new study by the International Renewable Energy Agency presents options to speed up the deployment of wind power, both onshore and offshore, over the period until 2050. A key finding of the report is that an accelerated deployment of renewables, combined with deep electrification and increased energy efficiency, can achieve over 90 per cent of the energy-related carbon dioxide emissions reductions needed by 2050 to set the world on an energy pathway towards meeting the Paris climate targets. Among all low-carbon technology options, accelerated deployment of wind power, when coupled with deep electrification, would contribute to more than one quarter of the total emissions reductions needed, nearly 6.3 gigatonnes of CO2 annually, in 2050, the report says.

Wind power could cover more than one third of global power needs, becoming the world’s foremost generation source, says the report. Annual investment in offshore wind would have to more than quintuple, from USD 19 billion in 2018 to USD100 billion in 2050

Asia is poised to become the world’s dominant wind market, accounting for more than 50 per cent of onshore and 60 per cent of offshore wind installations by 2050. Asia’s onshore wind capacity could grow from 230 gigawatts in 2018 to over 2,600 gigawatts by 2050, says the report.

As with lithium required for the batteries to make electric mobility viable, so for the wind sector there are risks associated with unsustainable metal mining practices. Another risk is leakage of sulphur hexafluoride, or SF6, which is widely used in the electrical industry to prevent short circuits and accidents and is 23,500 times more warming than CO2.

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Posted By : Arun Huidrom on Mon, 06 Jan 2020
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