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Electrification and renewables show accelerated growth

Publish Date:
2nd March, 2022
Title:
Electrification and renewables show accelerated growth
Doc Type:
Market Survey
Publish By:
Institute of Solar Technology
Sanjib Roy, M.Sc Physic




Electrification and renewables show accelerated growth

Abstract



Keywords:

Going forward, the energy mix rapidly shifts towards power, synfuels, and hydrogen, representing 32% of the global energy mix by 2035 and 50% by 2050.

Summery

Together, almost 200 nations have committed to curbing global warming by substantially reducing greenhouse gas emissions.

Fuel shares in total energy use in selected applications in the NZE

Indirect renewable = use of electricity and district heat produced by renewable. Other low‐carbon = nuclear power, facilities equipped with CCUS, and low‐carbon hydrogen and hydrogen‐based fuels.

The transition to renewables, efficiency and electrification can drive broad socio-economic development. The outlook’s Transforming Energy Scenario aligns energy investments with the need to keep global warming “well below 2oC”, in line with the Paris Agreement.

The GEO includes projections and historical data from Bloomberg New Energy Finance, Equinor, the International Energy Agency (IEA), the International Renewable Energy Agency, the Organization of the Petroleum Exporting Countries, Shell, and the US Energy Information Administration (EIA).


IST Alumni

Very good course content. Solving examples and financial calculations, Conceptually very clear and punctual. One can do business and work as a professional also!!!

- Sandhya Shailendra Tanpure,
Asst Professor at Sony.Indira Gandhi College of Engineering

It is a good place of learning in the area. Knowledgeable teacher, understand the requirement of the students. All required pieces of equipment and tools available to teach the student, well-versed teachers and the atmosphere of the classroom.

- GURUCHARAN SINGH,
A.G.M. at The Indian Steel And Wire Products Limited

It will help me in design solar system which will helpful for my customer. IST give me proper knowledge about solar market. HELPFUL FOR NEW ENTERPRINER

- CHETAN BHAGWAN DURGE,
GREEN ENGRGY PVT.LIMTED



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