REN21 strongly criticises global subsidies for fossil energy
Post date: 19/06/2019 - 18:57
At the end of 2018, more than one third of the around seven terawatts of electricity generation capacity installed worldwide was based on renewable energies. For the fourth time in a row, more renewable than fossil-nuclear capacity was added. A good quarter – 26.2 percent – of global electricity production last year came from renewable sources: 15.8 percent hydropower, 5.5 percent wind power, 2.4 percent PV, 2.2 percent bioenergy and 0.4 other types of generation (geothermal, solar-thermal and ocean energy). Nine countries produced more than 20 percent of their electricity with wind and PV (Denmark, Uruguay, Ireland, Germany, Portugal, Spain, Greece, UK and Honduras). These are positive results of the report »Renewables 2019 – Global Status Report« (GSR) published on Tuesday by the Global Renewable Energy Network REN21.
One of the negative findings is that the global expansion of renewable capacity over the past ten years has been much slower than necessary and possible. According to REN21, »a lack of ambitious and sustained policies« on the part of policymakers are important reasons for the slow pace. »A key breakthrough could occur if countries cut their fossil fuel subsidies,« said Executive Secretary Rana Adib. According to the report, in 2017, despite cuts and reforms, such subsidies still existed in 112 countries – almost everywhere in the world. The total amount of these subsidies is estimated at $300 billion worldwide in 2017 - 11 percent more than in 2016.
The 336-page report can be downloaded from the REN-21 website.