16 Jan '17, 7am

New IRENA report details how renewables can decarbonise the energy sector and improve the lives of billions

Falling costs, driven by innovation in technology and policy, is spurring renewable energy deployment and with it a myriad of socioeconomic benefits, according to the new comprehensive publication released by the International Renewable Energy Agency (IRENA). “REthinking Energy,” now in its third edition, was released on January 15th , 2017 at IRENA’s seventh Assembly, the Agency’s ultimate decision-making authority. The publication states that solar photovoltaics (PV) will grow the fastest in terms of capacity and output, and new ways to store electricity will be a game changer for growing variable renewable energy generation. IRENA estimates that battery storage for electricity could increase from less than 1 GW today to 250 GW by 2030. Investment in renewables has grown to a record USD 305 billion in 2015 “Renewables are gaining ground by nearly every measure. Accelerat...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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Renewable Energy World (North America Edition)