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How Rise Of Renewable Energy Is Creating a New World

How Rise Of Renewable Energy Is Creating a New World

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  • GS 3 || Science & Technology || Energy || Renewable Energy

Why in News?

  • The rapid growth of renewable energy is posing a new world order.

Shift by Renewable Energy

  • In 2017, a record 168GW of electricity were generated from renewable sources — doubling the previous year.
  • Renewable Energy currently makes up around a fifth of global energy production, is growing faster than any other source.
  • The shift will likely cause China to surpass the United States, place oil-dependent Gulf states at risk and help impoverished African nations achieve energy independence.
  • The cost of electricity from solar sources has dropped by 75% since 2009 while the price of wind turbines halved over the same period.
  • The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics.

IRENA’s Positivity

  • “By 2020, all commercially available renewable technologies will be on par with or cheaper than, fossil fuels competitors”, Adnan Amin, Secretary General of IRENA stated.
  • The IRENA commission stated that countries are getting dependent on fossil fuels export and it and it may pose a “serious economic consequences”.
  • “The shift from fossil fuels to renewables is driven by new technologies and falling costs, increasingly making renewables as competitive as conventional sources of energy.”
  • But, in the forthcoming time, Renewable Energy will drive more of the democracies of the world because of its decentralizing the industry.
  • “It is difficult to predict when, but this change is happening comprehensively and fast,”
  • The shift “will alter the global distribution of power, relations between states, the risk of conflict, and the social, economic and environmental drivers of geopolitical instability,”

Additional Info

  • Intergovernmental organization to promote adoption and sustainable use of renewable energy.
  • Founded: 2009
  • Members: 158 and the European Union
  • Entered into force on 8 July 2010.
  • Q.: Abu Dhabi, U.A.E.
  • Director-General (IRENA): Adnan Amin, a national of Kenya.
  • IRENA is an official United Nations observer.

Mains

  • The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics. DISCUSS.