<
https://reneweconomy.com.au/world-squandered-chance-for-green-recovery-to-covid-despite-record-renewables-growth/>
"Global growth in renewable energy uptake grew to record levels last year – but
it has lost a “historic opportunity” for a green recovery from the Covid-19
pandemic and energy emissions are surging higher.
The result has been detailed in the latest edition of REN21’s
Renewables
Global Status Report, which estimates that a total of US$366 billion (A$525
billion) was invested in renewable energy technologies in 2021.
But this remains dwarfed by an estimated US$5.9 trillion (A$8.5 trillion) in
ongoing global fossil fuel subsidies, and REN21 warns that while renewables
uptake continues to grow, the pace of transition remains insufficient to meet
global climate change goals.
REN21 executive director Rana Adib says the recent energy crisis has
exacerbated the situation, with some markets reaching out for new supplies of
fossil fuels rather than switching to lower cost renewables.
“Although many more governments committed to net zero greenhouse gas emissions
in 2021, the reality is that, in response to the energy crisis, most countries
have gone back to seeking out new sources of fossil fuels and to burning even
more coal, oil and natural gas,” Adib said.
According to the REN21 report, almost 315GW of new renewable energy capacity
was installed in 2021 – marking an increase of 17 per cent from 2020 levels –
and taking the global renewable energy market share to 12.6 per cent."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
