Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



The renewable future

NAIROBI: Renewable energy triggers sharply polarized views. For some, it is a costly white elephant; for others, it is humanity's savior, promising to emancipate us (and our environment) from the “folly” of fossil fuels. So a hardheaded, credible, and, above all, impartial analysis, which would provide a much-needed dose of pragmatism and realism to the debate, is long overdue.
The new report by the United Nations Intergovernmental Panel on Climate Change (IPCC), involving more than 120 scientists, economists, and technology specialists, provides that long-overdue assessment. It adopts a global perspective and reconciles developed and developing countries' interests, while weighing the broader economic, environmental, and social issues at stake.
The summary, signed by representatives of the more than 190 countries meeting this week in the United Arab Emirates, concludes that renewable energy is an increasingly practical and highly promising option. Costs are falling — and are likely to fall even further as innovation accelerates and global energy demand continues to rise.
The researchers have painstakingly sifted more than 160 scenarios, including in-depth examinations of four. The most optimistic of these predicts that renewables could account for close to 80 percent of total energy supply by mid-century, thereby cutting greenhouse-gas emissions by around one-third.
Of course, only time will tell whether or not this figure will be reached. Some of the six renewable-energy technologies evaluated, such as those that generate electricity from the oceans, will require more research, development, and incubation before they reach commercial maturity. But others, such as wind, solar, and geothermal, are in some circumstances already cost competitive — or nearly cost competitive — with fossil fuels.
The IPCC report also underscores what some development experts and economists have been saying for years: energy choices should take into account wider benefits. Renewables cut air pollution, which is costing the global economy billions of dollars a year in health-care costs alone. Photovoltaics can be rapidly deployed in rural areas without the need for installing an expensive grid system — Bangladesh is a pioneering case in point. And we are only just coming to grips with the cooling costs of thermal power plants in terms of finite water resources — let alone the future price of unchecked climate change.
The ball is now firmly in politicians' court. The IPCC assessment points out that renewables are already growing. In 2009, installed capacity of wind and PVs increased by more than 30 percent and 50 percent, respectively. But the really big numbers are unlikely to be reached without the kinds of supportive public policies that have catalyzed the expansion of renewables in countries such as China and Germany.
Smart and forward-looking national policies are imperative. Kenya's new feed-in tariff has triggered a rapid expansion of geothermal capacity, and, at 300MW, the largest wind-farm project in sub-Saharan Africa.
But diverse national policies can achieve only so much. International policies, including the lending decisions of the World Bank and regional development banks, must evolve, as do the strategies of the UN and bilateral donors.
The importance of moving forward to a new global climate agreement in Durban, South Africa, this year cannot be underestimated. A comprehensive agreement would bring certainty to the carbon markets and strengthen the various mechanisms that are already encouraging renewables in developing economies and pump-priming private-sector investments. The Rio+20 meeting in Brazil next year is another opportunity to spark the transition to a global green economy.
Technical challenges remain: seamlessly managing an array of very different energy sources will require investment in better national and regional grids. Yet the opportunities – to keep the global temperature rise this century to under two degrees Celsius, and to generate decent employment in clean-tech industries for millions of people – far outweigh the challenges. Clean and renewable energy will be an indispensable component of the fight against poverty worldwide.
The IPCC estimates that the costs of triggering a renewable revolution could range from $3 trillion to more than $12 trillion between now and 2030. That sounds pricey — and it is. But so are fossil-fuel subsidies, which, with barely a murmur of protest, are currently running at more than $600 billion a year.
The IPCC report has provided a solid, scientific foundation for a low-carbon, resource-efficient future. Governments now have a clearer perspective on how to empower the lives and livelihoods of the world's seven billion people (9-10 billion by 2050), while keeping humanity's footprint, including climate change, within the planet's boundaries of environmental sustainability.
Achim Steiner is Executive Director of the United Nations Environment Program. Helen Clark, a former prime minister of New Zealand, is Administrator of the UN Development Program. Kandeh Yumkella is Director General of the UN Industrial Development Organization. This commentary is published by DAILY NEWS EGYPT in collaboration with Project Syndicate (www.project-syndicate.org).


Clic here to read the story from its source.