{"id":7391,"date":"2023-04-05T11:43:54","date_gmt":"2023-04-05T06:13:54","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=7391"},"modified":"2025-03-28T20:26:14","modified_gmt":"2025-03-28T14:56:14","slug":"world-energy-transitions-outlook-report","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/world-energy-transitions-outlook-report\/","title":{"rendered":"World Energy Transitions Outlook Report"},"content":{"rendered":"<h2><strong>Key highlights of the report:<\/strong><\/h2>\n<ul>\n<li>The global <strong>energy transition is still \u201coff-track\u201d<\/strong> and falls short of the 1.5 degrees Celsius pathway.<\/li>\n<li>To keep 1.5\u00b0C alive, deployment levels must grow from <strong>some 3,000 gigawatts<\/strong> (GW) at present to over 10,000 GW in 2030, an average of 1,000 GW annually\u201d.<\/li>\n<li>Public sector intervention is required to channel investments towards countries more equitably.<\/li>\n<li>Global investment in energy transition technologies reached a new record of $1.3 trillion in 2022, yearly investments must more than quadruple to over $5 trillion to stay on the 1.5 degrees Celsius pathway.<\/li>\n<li>By 2030, cumulative investments must amount to USD 44 trillion, with transition technologies representing 80 per cent of the total, or $35 trillion, \u201cprioritising <strong>efficiency, electrification, grid expansion and flexibility\u201d.<\/strong><\/li>\n<li>Current pledges and plans fall well short of IRENA\u2019s 1.5\u00b0C pathway and will result in an emissions gap of 16 gigatonnes (Gt) in 2050.<\/li>\n<\/ul>\n<h3>Key facts about International Renewable Energy Agency (IRENA)<\/h3>\n<ul>\n<li>The International Renewable Energy Agency (IRENA) is an <strong>intergovernmental organisation<\/strong> that supports countries in their transition to a sustainable energy future.<\/li>\n<li>It was officially founded in Bonn, Germany, on 26 January 2009.<\/li>\n<li>Its head quarter is in <strong>Abu Dhabi United Arab Emirates<\/strong>.<\/li>\n<li>Its membership comprises 167 countries and the European Union.<\/li>\n<li>In 2009, <strong>India <\/strong>has become the <strong>77th Founding Member of this organization.<\/strong><\/li>\n<li>It is an official <strong>United Nations observer.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is the Energy Transition Index?<\/h3>\n<p>It is released by the World Economic Forum which evaluates the country&#8217;s energy system&#8217;s performance based on the 3 dimensions: environmental sustainability, economic development growth, and energy security access indicators\u00a0<br \/>\n<strong>Source:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/india\/global-energy-transition-progress-report-8537683\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>Global energy transition has made progress but falls short of 1.5\u00b0C pathway: Report<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Energy Transitions Outlook report released by the International Renewable Energy Agency (IRENA).<\/p>\n","protected":false},"author":5,"featured_media":7392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7391","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=7391"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/7391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/7392"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=7391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=7391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=7391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}