RENEWABLES A CRUCIAL PART OF DECARBONISATION
In the US, for instance, there is more than 2,000 gigawatts of renewable power waiting to be connected to the grid. One gigawatt is estimated to be able to power about 750,000 homes in the US.
However, such infrastructure projects take about five to eight years, noted Dr Moniz, CEO of Energy Futures Initiative, a Washington-based nonprofit organisation dedicated to accelerating clean energy transition.
If we don’t move that up to two or three years, we will not make it,” he said.
To reach the aim of containing the rise in global temperatures to 1.5 degree Celsius, emissions need to reach net zero by 2050.
“The challenge of decarbonisation is immense for everyone,” he said, adding that renewable energy will be a key part of the decarbonising solution.
“That’s only 25 years away roughly, which in the energy industry would require an unprecedented pace.”
Source: CNA
