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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

INSTITUTE IS GOOD AND STAFF IS ALSO GOOD

- KARAMDEEP SINGH,
Manager at Jalandhar Steel Industries

A good platform to learn in Solar Technology.

- Karsten Matabishi Mulenga (Zimbabwe),
Water engineer at water resources development

My heartfelt thanks to Mr. Sanjib Roy and Mr. Mohit Ajmera (Tutor of entire program) has given me the best training program that I had an opportunity for learn about complete solar PV system. - Training of this course was very useful to me and for my future business too. - Provided the guide lines of solar PV system, the references books and study material, calculations are giving more accuracy and confidence to me to make any size of solar projects.

- MOHAMED MAROOF,
SALES ENGINEER AT DISCOVER ENERGY , DUBAI



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