This report undertakes an in-depth analysis to first determine the level of achievement is possible under the current policy regime by developing a baseline. It then identifies the gap between the baseline and the 2030 targets to inform policymakers the additional efforts and resources that would be needed to adequately achieve SDG7 targets as well as the NDC targets for the energy sector. Finally, different transition pathways have been developed and their socio-economic and environmental facets have been examined to assist policymakers to make informed decisions.
The Paris Agreement has called for reducing carbon emissions worldwide. But to sufficiently limit the rise in global temperatures, energy use would have to be completely decarbonised in less than 50 years, even amid the expected tripling of the world’s economy by 2060. This means renewable energy – already growing fast over the past decade – must grow at least seven times faster. This set of briefs, prepared by the International Renewable Energy Agency (IRENA), highlights challenges and opportunities as the world seeks climate-safe energy solutions.