The world has made the transition from one dominant form of energy to another several times and the replacement of fossil fuels with renewables marks the next historic shift. Countries around the world need a vast expansion of renewables, smarter and more flexible electricity grids, and huge increases in the numbers of vehicles and other products and processes that run on electricity. Those three elements – combined in a “Smart Electrification” strategy – will be crucial in shaping the world’s new, renewable-dominated energy system.
The webinar shared key insights from the IRENA report "Smart Electrification with Renewables: Driving the Transformation of Energy Services" which provides policy makers with a conceptual overview of the global transition to electrification with renewables. Crucially, this work was undertaken jointly by IRENA and the State Grid Corporation of China (SGCC) – as such, it benefits from the perspective of the world’s largest grid operator. It examines recent trends in relevant technologies and innovations, sets out possible long-term pathways for electrification with renewables, and identifies priority actions to enable those pathways.
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