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Hans De Keulenaer

IRENA Director-General Statement on Oil Prices and Impact on the Renewable Energy Sector - 2 views

  • Oil plays a negligible role in power generation and therefore does not compete with renewables in this respect. Renewables have become the dominant source of new power generation capacity over the last six years because they are competitive at the bottom end of the conventional fossil fuel power generation cost range – primarily with coal.
  • Oil plays a much more important role in the transport sector, which accounts for half of total demand, and where without low-emission transport policies in place, an extended period of low oil prices, may impact the speed of electric vehicle adoption.
  • Conversely, oil price volatility may undermine the viability of unconventional oil and gas resources as well long-term contracts, providing a window of opportunity to reduce or redirect fossil fuel subsidies towards clean energy, while minimising the potential of social disruption.
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  • What is critical to understand, is that the long-term planning horizons involved, and the momentum that currently exists in the energy transformation, means neither low oil prices nor COVID-19 will interrupt or change our path towards decarbonisation of our societies and towards the achievement of the sustainable development goals.
Hans De Keulenaer

Fostering Livelihoods with Decentralised Renewable Energy: An Ecosystems Approach - 0 views

    "Decentralised renewable energy solutions linked to livelihoods is an important step in maximising the benefits of energy access for socio-economic development. Renewables offer the opportunity to translate investments in electricity connections and kilowatt-hours into higher incomes for communities and enterprises, local jobs, greater adaptive capacity and overall well-being. "
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