17 October 2017 2017 09:15 AM GMT

Small Island States Drive To Scale-Up Clean Energy And Address Climate Change

Ministers and senior officials representing 30 countries and organizations from across the world met in Malé, Maldives, signalling the determination of small island developing states (SIDS) to strengthen global efforts to address climate change and accelerate renewable energy deployment. The inaugural meeting of the Initiative for Renewable Island Energy (IRIE) was hosted by the Government of the Maldives, in its capacity as Chair of the Alliance of Small Island States (AOSIS), in partnership with the International Renewable Energy Agency (IRENA).

Small island developing states have been early and committed adopters of renewable energy, seeking to develop their economies with cost-effective, renewables-based energy systems, while enhancing energy security, national resilience and climate adaptation. Just over two gigawatts (GW) of renewable technologies are already deployed in SIDS, and at least six GW of additional capacity is envisaged under Nationally Determined Contributions. A number of countries have plans to achieve 100 percent share of renewables in the electricity mix.

“In the wake of a deadly hurricane season in the Caribbean and at a time when the resolve to tackle the climate crisis has been called into question, small islands are sending the world a clear message: we are seizing the promise of renewable energy to grow our economies today and build a better future for tomorrow,” said Thoriq Ibrahim, Energy and Environment Minister for the Maldives and Chair of Alliance of Small Island States. “As Chair of AOSIS, Maldives has made leaving a lasting legacy of renewable energy infrastructure in small islands a priority and IRIE is how we are fulfilling that vision.”

“Small island developing nations have been frontrunners in the global drive to scale-up renewables,” said Adnan Z Amin, Director-General of the International Renewable Energy Agency, co-organisers of the event. “This meeting is further evidence of their collective commitment to strengthen the momentum of the global energy transition as they pursue economic growth, energy security and increased national resilience.

“This ministerial is also particularly timely as we are just a few weeks away from COP23 in Bonn, where the priorities of small island nations will take centre stage under Fiji’s Presidency,” added Mr. Amin. “We are committed to supporting the renewable energy ambitions of our island partners, through the SIDS Lighthouses initiative, as they take their energy transformation to the next level.”

Despite progress, SIDS face financial and technical barriers as they transition their power, heating, cooling, and transportation sectors to renewable energy, many of which stem from their size, geography and limited capacity. Greater international cooperation can help overcome these barriers by enhanced collaboration and knowledge sharing, leading to improved economies of scale, reduced transaction costs and better enabling environments for donors and investors.

IRIE works to enhance AOSIS political coordination and outreach to development partners with a view to mobilizing the resources – finance, technology, and capacity building – required for the transformation of energy systems in SIDS. IRIE also works to amplify the success of SIDS focused initiatives, such as IRENA’s SIDS Lighthouses.

“Small islands contribute a miniscule fraction of global emissions and yet we have taken the lead in committing to some of the most ambitious clean energy plans in the world,” continued Minister Ibrahim. “IRIE is a testament to island leadership and the important role the Maldives has played in the international effort to tackle climate change for over three decades.”

AOSIS is an organization of 44 low-lying island and coastal nations from around the world that are among the most vulnerable to the impacts of climate change. The IRIE meeting was made possible by support from Italy and the European Union. IRENA is mandated to be the global hub for renewable energy cooperation and information exchange by 152 Members (151 States and the European Union). 28 additional countries are in the accession process and actively engaged. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

February 5th 2018
EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO₂emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: “Despite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we’d have to see much broader, much more disruptive change than what we’re seeing now.”

February 5th 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

December 15th 2017
Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy

BP and Lightsource have announced a strategic partnership combining BP’s global scale with Lightsource’s solar expertise. BP will acquire 43% equity share in Lightsource for $200 million, with the majority of the investment funding Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP. BP is not alone in moving away from oil and gas and towards clean energy. Anglo-Dutch Shell is purchasing electric car infrastructure companies, France’s Total is acquiring battery storage firms and Norway’s Statoil is pioneering floating wind farms.


 

   

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