According to the International Renewable Energy Agency (IRENA),\u00a0renewable energy\u00a0sources (RES) could\u00a0account for 86% of power generation in 2050. IRENA’s reference scenario foresees electricity to become the central energy carrier, reaching a\u00a050% share of final energy consumption by 2050 (from the current 20%). Renewable power development should benefit from the fall in the Levelized Costs Of Electricity (LCOE), which should halve between 2010 (US$80\/MWh) and 2050 (US$40\/MWh) for wind power and divide 9-fold for solar, from US$347\/MWh in 2010 to US$38\/MWh in 2050. Solar PV deployments could accelerate from the current 109 GW\/year to 360 GW\/year in 2050, while wind capacity additions could surge from around 54 GW\/year to 240 GW\/year.<\/p>\n
Conversely, fossil fuel consumption would decline: oil demand would be reduced to 22 mb\/d (from current 95 mb\/d), gas demand would reach 2,250 bcm\/year (from around 3,750 bcm\/year in 2018) and coal demand would collapse from around 5,360 Mtce\/year in 2018 to 713 Mtce\/year in 2050. The investment required to decarbonise the global energy system is estimated at US$15,000bn by 2050 (-40% than previous estimates due to decreasing renewable power generation costs).<\/p>\n
The higher renewable power generation could cut CO2<\/sub>\u00a0emissions by 27% in 2030 (compared to the current level), by 48% in 2040 and by 71% in 2050, leading to a fall in CO2<\/sub>\u00a0emissions per capita, from 4.3 tCO2<\/sub>\/cap in 2010 to 1.1 tCO2<\/sub>\/cap in 2050.<\/p>\n https:\/\/www.enerdata.net\/publications\/daily-energy-news\/renewables-could-account-86-global-power-generation-2050.html<\/p>\n","protected":false},"excerpt":{"rendered":" According to the International Renewable Energy Agency (IRENA),\u00a0renewable energy\u00a0sources (RES) could\u00a0account for 86% of power generation in 2050. IRENA’s reference scenario foresees electricity to become the central energy carrier, reaching a\u00a050% share…<\/p>\n","protected":false},"author":1,"featured_media":3051,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,48,57,90,96,107,113,137,139,160,174,183,184,201,202,209,230,232,233,244,246,249,256,267,277,279,288],"class_list":["post-3003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-athens","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-energy-peace","tag-gas","tag-gazprom","tag-international-maritime-disputes","tag-lebanon","tag-maritime-boundaries-east-mediterranean","tag-maritime-disputes","tag-offshore","tag-oil","tag-opec","tag-poverty-alleviation","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-straddling-hydrocarbons-reserves","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/3003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3003"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/3003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/3051"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}