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DAILY NEWS ANALYSIS

  • 19 March, 2021

  • 3 Min Read

World Energy Transitions Outlook Report

World Energy Transitions Outlook Report

  • The report was released by the International Renewable Energy Agency (IRENA).

  • It says that the Covid-19 crisis offers an unexpected opportunity for countries across the world to decouple their economies from fossil fuels.
  • IRENA estimates that by 2050, 90% of total electricity needs would be supplied by renewables, 6% from natural gas and the remaining from nuclear.

About IRENA:

  • It is an intergovernmental organisation mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy.
  • It is the first international organisation to focus exclusively on renewable energy, addressing needs in both industrialized and developing countries.
  • It was founded in 2009 & its statute entered into force on 8 July 2010 and is headquartered in Masdar City, Abu Dhabi.
  • IRENA is an official United Nations observer.

Source: TH


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