World Energy Transitions Outlook – 1.5C Pathway

12 April 2021 Current Affairs:The International Renewable Energy Agency (IRENA) released the “World Energy Transition Outlook” report.

♦ The report proposes an energy conversion solution for the narrow path that can be used to control the temperature rise to 1.5 degrees Celsius.
♦ The COVID-19 crisis provides countries with unexpected opportunities to decouple the economies of the country from fossil fuels and accelerate the shift to renewable energy.
♦ It is estimated that by 2050, renewable energy will meet 90% of total electricity demand, followed by natural gas, and the rest will come from nuclear energy.
♦ The agency has identified 30 innovations for integrating wind energy and solar photovoltaic into the power system.
♦ International Renewable Energy Agency is an intergovernmental organization. Its mission is to promote cooperation and promote the adoption and sustainable use of renewable energy. Its founded in 2009. Its regulations came into effect in 2010. Headquarters of IRENA is in Masdar City, Abu Dhabi. IRENA is an official observer of the UN

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