World Energy Transitions Outlook report, brought out by the International Renewable Energy Agency (IRENA) says that the COVID-19 crisis offers an unexpected opportunity for countries across the world to decouple their economies from fossil fuels and accelerate the shift to renewable energy sources.
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Previewed at the virtual Berlin Energy Transition Dialogue, which began on March 16, 2021, the report proposes energy transition solutions for the narrow pathway available to contain the rise of temperature to 1.5 degree Celsius.
The COVID-19 crisis offers an unexpected opportunity for countries to decouple their economies from fossil fuels and accelerate the shift to renewable energy sources,
It estimated that by 2050, 90% of total electricity needs would be supplied by renewables, followed by 6% from natural gas and the remaining from nuclear.
The agency has identified 30 innovations for the integration of wind and solar PV in power systems.
