In 2016, approximately 0.8 GW of new advanced energy storage capacity became operational, bringing the year-end total to an estimated 6.4 GW.Markets for mini-grids and stand-alone systems are evolving rapidly and Pay-As-You-Go (PAYG) business models, supported by mobile technology, are exploding. Renewables 2019 Global Status Report… Abstract. This first IEA Global Energy and CO2 Status Report provides a snapshot of recent global trends and developments across fuels, renewable sources, and energy efficiency and carbon emissions in 2017. REN21 Renewables 2017 Global Status Report (GSR) is the most comprehensive annual overview of the state of renewable energy. REN21’s goal is to facilitate knowledge exchange, policy development and joint action towards a rapid Among developing and emerging market countries, renewable energy investment fell 30%, to USD 116.6 billion, while that of developed countries fell 14% to USD 125 billion. RENEWABLE ENERGY POLICY NETWORK FOR THE 21st CENTURY REN21 is the global renewable energy policy multi-stakeholder network that connects a wide range of key actors. In 2016, Denmark and Germany, for example, successfully managed peaks of renewables electricity of 140% and 86.3%, respectively.Global energy-related CO2 emissions from fossil fuels and industry remained stable for a third year in a row despite a 3% growth in the global economy and an increased demand for energy. Read more. REN21 Renewables 2017 Global Status Report (GSR) is the most comprehensive annual overview of the state of renewable energy. This year edition reveals a global energy transition well underway, with record new additions of installed renewable energy capacity, rapidly falling costs, and the decoupling of economic growth and energy-related carbon dioxide (CO2) emissions.In their Press Release, its pointed out that additions in installed renewable power capacity set new records in 2016, with 161 gigawatts (GW) installed, increasing total global capacity by almost 9% over 2015, to nearly 2,017 GW. The 2017 edition of the REN21 Renewables Global Status Report (GSR) reveals a global energy transition well under way, with record new additions of installed renewable energy capacity, rapidly falling costs, particularly for solar PV and wind power, and the decoupling of economic growth and energy-related carbon dioxide emissions for the third year running. Investment continues to be heavily focused on wind and solar PV, however all renewable energy technologies need to be deployed in order to keep global warming well below 2C.Transport, heating and cooling sectors continue to lag behind the power sector. The deployment of renewable technologies in the heating and cooling sector remains a challenge in light of the unique and distributed nature of this market. Despite a significant expansion in the sales of electric vehicles, primarily due to the declining cost of battery technology, much more needs to be done to ensure sufficient infrastructure is in place and that they are powered by renewable electricity. More than 200 experts from around the world have contributed data so far, and data collection is still ongoing. Winners of two recent auctions for offshore wind in Germany have done so relying only on the wholesale price of power without the need for government support, demonstrating that renewables can be the least cost option.The inherent need for “baseload” is a myth. This is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries. Globally, subsidies for fossil fuels and nuclear power continue to dramatically exceed those for renewable technologies. One of the most important findings of this year’s GSR, is that holistic, systemic approaches are key and should become the rule rather than the exception. This can be attributed primarily to the decline of coal, but also to the growth in renewable energy capacity and to improvements in energy efficiency.Innovations and breakthroughs in storage technology will increasingly provide additional flexibility to the power system. In 2012, investments in PAYG solar companies amounted to only USD 3 million; by 2016 that figure had risen to USD 223 million (up from USD 158 million in 2015).Arthouros Zervos, Chair of REN21, said “The world is adding more renewable power capacity each year than it adds in new capacity from all fossil fuels combined. The 2017 Edition of the REN21 Renewables Global Status Report reveals a global energy transition well underway, with record new additions of installed renewable energy capacity, rapidly falling costs, and the decoupling of economic growth and energy-related carbon dioxide (CO2) emissions. Renewables-based decarbonisation of the transport sector is not yet being seriously considered, or seen as a priority. The single most important thing we could do to reduce CO2 emissions quickly and cost-effectively, is phase-out coal and speed up investments in energy efficiency and renewables. When China announced in January that it was cancelling more than 100 coal plants currently in development, they set an example for governments everywhere: change happens quickly when governments act – by establishing clear, long-term policy and financial signals and incentives.”Rua Antero de Quental, Nº52 Loja B Urbanização Colinas do Cruzeiro 2675-690 Odivelas, Portugal
Renewables 2017 Global Status Report in perspective .
In 2014 the ratio of fossil fuel subsidies to renewable energy subsidies was 4:1. As the share of renewables grows we will need investment in infrastructure as well as a comprehensive set of tools: integrated and interconnected transmission and distribution networks, measures to balance supply and demand, sector coupling (for example the integration of power and transport networks); and deployment of a wide range of enabling technologies.But the energy transition is not happening fast enough to achieve the goals of the Paris Agreement.Investments are down.
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