Propelling the transition forward
So, as we leave behind the first year of a new decade, we find ourselves grappling with a global pandemic and with less than 10 short years in which to make the significant global changes needed to avert catastrophic climate change. What, then, can be done to make sure we rise to the challenge and take the action that is needed in this last window of opportunity?
As this special two-part white paper explores, many of the solutions we need are already available and are advancing, and here we find hope. It is rather a question of pace.
This white paper examines the key factors and drivers needed to propel the renewable transition forward at the speed required. Only by acting now, and acting decisively, can we hope to bridge the gap between where we are and where we must be by the end of this decade.
Part one
1
Leadership from the top – governments, targets, and policy
The importance of consistent, ambitious government target setting and need for policies that provide the foundation for investor confidence.
2
Renewables in, fossil fuels out
The need for a massive expansion in renewable energy while at the same time proactively moving away from fossil fuels.
3
Renewables and cost competitiveness
The significance of the global spread of ‘grid parity’ and renewable power becoming the cheapest form of energy generation in the world.
4
Investment and innovation
The need to underpin the energy transition with investment and innovation, enabling the building of new infrastructure while leveraging the benefits of digitalisation.
Part two (coming in Q2 2021)
5
Hybrid and storage solutions
The opportunity from the expansion and advancement of storage solutions around the globe that will help to unlock more renewable potential.
6
Transport
The challenge of decarbonising the transport sector and the importance of technological solutions underpinned by consistent policy and regulation.
7
Renewables at home
The important role of the residential market and the challenges for wider adoption of renewable solutions.
8
Energy access for all
The importance and opportunity of ensuring everyone is included in the renewable transition and every person has access to green energy.
9
Corporate buy-in
The need for more rapid progress in the commercial and industrial sector, and for more corporations to start and expand the scope of their renewable transition.