Renewables
Renewables
Led by
The Electricity Sector
and the Climate Challenge
Global temperatures are increasing and science has confirmed that we must limit the rise to under
2°C in order to avoid the most serious consequences for people, the environment and economies
worldwide.
Today, electricity is produced mainly from fossil fuels
In the past few years, investment in renewable electricity
(67%)*. To stay under the 2˚C limit, we need to deeply
technologies has been hampered by a lack of clear policy
decarbonise our power system. By 2030, the global
frameworks, cuts to public sector budgets, and problematic
electricity mix needs to include at least 30% renewable
market frameworks.
energy in order to reduce CO2 emissions by 61%*.
However the cost of renewable technologies is decreasing to
In 2012, renewable electricity made up around 20% of
competitive levels, and new technological and market advances
our global energy supply. Approximately half of this was
have helped to overcome the challenge of intermittency. Change
generated by solar and wind. Energy demand is forecast to
is already happening and renewable energy has a promising
grow significantly as we approach 2030. In order to achieve
future.
the 30% target for renewables in the energy mix, we need
to scale up the deployment of mature technologies to
achieve 1TW of renewable energy capacity by 2020.
* International Energy Agency, “World Energy Outlook 2014”
Scaling up Renewables – The Solution
Renewable energy is reliable and becoming increasingly
multi-stakeholder action plans - to increase renewable energy
competitive. The renewables business solution aims to improve
in the grid. Potential action plans include the improvement
the bankability of renewable energy projects through
of renewable technology efficiency, new trans-national grid
assessment, or standardisation of financing contracts and
policy recommendations - for both developed and developing
fast tracking permitting processes.
countries, to support the adoption of regulatory frameworks
that help to scale up renewables. These involve market
These policy recommendations and joint action plans will enable
creation, access to the grid, policy stability, pricing carbon
renewable electricity to generate strong growth and achieve the
emissions and capital mobilisation.
scale that is required to stay under the 2˚C limit.
Low Carbon Technology Partnerships initiative
4
Renewables
Led by
Work Program and Timeline
Feb
Climate & Energy Meeting
Geneva
2015
Working
Group
• Align on the scope of
this initiative
• Identify main barriers
• Draft the headline
Apr
WBCSD LD Meeting
Montreux
May
Roundtable II
Paris
Jun - Oct
Regional Dialogues
India, Brazil, China
Nov
Roundtable III
tbc
Dec
UNFCCC COP21
Paris
Working
Group
Finance &
Governments
Regional
Stakeholders
All Relevant
Stakeholders
CEOs
• Engage with finance
Institutions and
governments about
joint Action Plans
• Discuss Action Plans
at a local level
• Validate policy
recommendations
• First draft of the report
• Agree on the ambition
(headline)
• Initiate conversations
on joint Action Plans
• Final agreement on
the headline, report
and Action Plans
How to Get Involved
Maria Mendiluce
Edgar Galrao
Director, Climate & Energy
Associate, Climate & Energy
* [email protected]
* [email protected]
Low Carbon Technology Partnerships initiative
5
• Presentation of the
Renewables LCTPi
headline, report and
Action Plans
Led by
COP21 and the LCTPi
About COP21 and the LCTPi
In December 2015, a global climate agreement will be brokered
LCTPi is a collaborative platform, gathering together project
at COP21, the Paris Climate Change Conference. This is a key
teams and stakeholders to discuss and agree the concrete
moment for all stakeholders to contribute to decisive climate
actions that are needed. It focuses on solutions that are beyond
action.
business as usual. It is a unique opportunity to showcase how
your business can and is tackling climate change.
Launched in Lima in partnership with SDSN and IEA, LCTPi is
supported by the French Presidency of COP21 and is part of
To ensure the development and implementation of business
the Lima-Paris Action Agenda. It aims to present action plans
solutions that address climate change, we must:
at COP21 that will accelerate low-carbon technology and scale
Remove the barriers that are preventing existing solutions
up the deployment of business solutions consistent with the
from being deployed
2˚C objective.
Develop new solutions to complement existing ones
Low Carbon Technology Partnerships initiative
6
COP21 and the LCTPi
Led by
LCTPi has several focus areas, and for each area the deliverables include:
Business oriented solution roadmaps including critical
Strengthened business and government dialogue to create
milestones
Analysis
enabling frameworks for investment
of barriers and identification of solutions,
A work program beyond Paris to ensure enduring
financial requirements, policies and PPP (public-private
implementation at scale
partnerships) opportunities that facilitate scale up
Underway
Renewables
Carbon Capture
& Storage
Energy Efficiency
in Buildings
Materials: Cement
Sustainability Initiative
Advanced Biofuels
Climate Smart
Agriculture
Forests & Forest
Products as Carbon Sinks
Low Carbon
Freight Transport
Low Carbon
Passenger Mobility
Materials:
Chemicals
Digitization
Scoping
Smart Grids
Low Carbon Technology Partnerships initiative
7
Led by
Led by
P
Partners
http://lctpi.wbcsdservers.org/the-solution/