BAKU, Azerbaijan, Nov.13
By Leman Zeynalova – Trend:
The contribution of renewables to the transport sector triples to around 300 Mtoe in 2040, three-quarters of which comes from biofuels, Trend reports citing the World Energy Outlook 2019 of the International Energy Agency (IEA).
“Cost reductions in renewables and advances in digital technologies are opening huge opportunities for energy transitions. Wind and solar PV provide more than half of the additional electricity generation to 2040 in the Stated Policies Scenario and almost all the growth in the Sustainable Development Scenario,” said the agency.
In the Stated Policies Scenario, the amount of renewables (excluding traditional use of biomass) in final energy consumption increases from more than 990 Mtoe today to almost 2 260 Mtoe in 2040. The share of renewables in global heat increases by 60 percent and reaches nearly 940 Mtoe in 2040, thanks to substantial growth in the modern use of bioenergy (pellets in boilers and stoves, biogas and biomethane, biofuels), renewable electricity and also of solar thermal. Meanwhile the contribution of renewables to the transport sector triples to around 300 Mtoe, three-quarters of which comes from biofuels.
In the Sustainable Development Scenario, additional measures to incentivise investment in renewables-based electricity, bioenergy, solar heat, geothermal heat and electrification push the share of renewables to two-thirds of electricity generation output and 37 percent of final energy consumption. By 2040, expected output from wind (8 300 TWh) and solar PV (7 200 TWh) are expected to exceed hydropower (6 950 TWh), while the share of heat coming from renewables in 2040 increases to 30 percent of the total or to 1 200 Mtoe. In the transport sector, consumption of energy from renewable sources is projected to increase to 600 Mtoe, with biofuels accounting for around 60 percent and electricity from renewable sources consumed by electric vehicles and rail accounting for the remainder.
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