Policy interventions needed to create the right market conditions for renewables to flourish further | WWF
Policy interventions needed to create the right market conditions for renewables to flourish further

Posted on 16 June 2020

(16 June 2020) - Growth in renewable power has been impressive over the past five years. But too little is happening in heating, cooling and transport. Overall, global hunger for energy keeps increasing and eats up progress, according to REN21’s Renewables 2020 Global Status Report (GSR).
 
The journey towards climate disaster continues, unless the world make an immediate switch to efficient and renewable energy in all sectors.
 
“Year after year, we report success after success in the renewable power sector. But our report sends a clear warning: The progress in the power sector is only a small part of the picture. And it is eaten up as the world’s energy hunger continues to increase. If we do not change the entire energy system, we are deluding ourselves,” says REN21’s Executive Director Rana Adib.

Jesse Fahnestock, WWF global lead for energy transition, says: "It is essential to begin thinking bigger and looking at the sectors that really need a push from policy makers and innovators. The energy transition in heating, cooling and transport is just beginning. We need a big, sustained push towards electrification of these sectors in the long-term, and we need to make use of sustainable renewable alternatives in the short-term. WWF supports this push in many ways, not least through our work with forward-thinking companies in the Renewable Thermal Collaborative.”  

Notes - Key findings of the report:
  • Total final energy demand continues to be on the rise (1.4% annually from 2013 to 2018). Despite significant progress in renewable power generation, the share of renewables in total final energy demand barely increased (9.6% in 2013 to 11% in 2018). Compared to the power sector, the heating, cooling and transport sectors lag far behind (renewable energy share in power, 26%, heating and cooling, 10%, transport, 3%).
  • Today’s progress is largely the result of policies and regulations initiated years ago and focus on the power sector. Major barriers seen in heating, cooling and transport are still almost the same a decade on. Policies are needed to create the right market conditions.
For further information, contact Mandy Jean Woods mwoods@wwfint.org

 
The transport sector, among others, needs policy interventions to ensure the transition to renewable energy flourishes.
© Gerd Altmann / Pixabay