renewable energy: the global score by gary olivar
TRANSCRIPT
8/4/2019 Renewable Energy: The Global Score by Gary Olivar
http://slidepdf.com/reader/full/renewable-energy-the-global-score-by-gary-olivar 1/2
8/4/2019 Renewable Energy: The Global Score by Gary Olivar
http://slidepdf.com/reader/full/renewable-energy-the-global-score-by-gary-olivar 2/2
Renewable energy - The global score
CONTENTS NATION BUSINESS WORLD
8
Problem of climate change begets
!""!#$%&'$'()*'&*+,'-.$(/)-.#$*0!!1)*
and technologies. In its latest annual report
on trade and investment opportunities in Asia
!"#$%#, released in July, the
United Nations Economic and
Social Commission for Asia and
&'()!"#$%#)*+,-.!/)$0(1&$%(0)
regional trade and investment
opportunities in climate smart
goods and technologies. As
its executive director, UN
Undersecretary General Dr.
Noeleen Heyzer, stated in her
introduction: “As the region will have to come to terms with
the expected effects of climate
change, there is a collective imperative to
increase trade and investment in these goods.”
2'()34)"5(1#6)17&(0)&'"&)&'().8$"9!"#$%#)
:(5$71);$<<)1((0)&7)$1=(8&)>?)&7)@ABB)C$<<$71)
C6)DBEB)$1)7:0(:)&7):(0>#()5:((1'7>8()5"8(8)
in the region to desired levels. This will
simultaneously also create opportunities
to develop and export these technologies,
especially in water, energy and resource
(F%#$(1#6G)-'$1")$8)(H?(#&(0)&7)"##7>1&)
for more than half of this new investment,
F7<<7;(0)C6)I10$");$&')JKLG)I1)7&'(:);7:08M)
renewable energy can make a lot of sense
economically as well as environmentally.
2.)$*3)'.*$!*,(.1*$4(*5!#,1*'&*+,'-.$(/
change investments? Indeed, investment in
#<$N"&(9#'"15()=(1&>:(8)#7><0)&7?)@E)&:$<<$71)
— equivalent to China’s GDP — in the next
two decades, according to Climate Change
ScenariosM)")8&>06)C6)#718><&$15)%:N)O(:#(:)
on investment strategies to hedge against
and gain from coming environmental trends.
And the report forecasts that East Asia will
lead the world in climate change technology
investments, including those designed to
reduce energy use (see chart).
The message isn’t lost on the Philippines, who
is already the world’s second largest producer
of geothermal energy, and is pledging to triple
its renewable energy resources M)&7)JEMPBQ)OR)
by 2030, as the Department of Energy (DOE)
launched its National Renewable Energy
Program in June. The country’s renewable
(1(:56):(87>:#(8)#>::(1&<6)#7N?:$8()PPGDL)7F)
its total installed generating capacity.
The ambitious targets of the National
Renewable Energy Program include more
than doubling the geothermal and hydro
power generating capacities – which
#71&:$C>&(0)STGKL)7F)&'()#7>1&:6U8):(1(;"C<(9
(1(:56)#"?"#$&6)$1)DBJB)V);'$<()(H?"10$15)
8$51$%#"1&<6)&'()8'":()7F);$10M)87<":M)C$7N"88M)
and ocean power generating capacities from
JGPL)7F)&'():(1(;"C<(9(1(:56)#"?"#$&6)$1)DBJB)
&7)JPGTQL)C6)DBPB)*8(()&"C<()C(<7;/G)W6)&'(1M)
the country’s projected renewable energy
5(1(:"&$15)#"?"#$&6)8'7><0)#7N?:$8()ADGQL)
of the country’s projected power demand of
DQMEPQ)OR .
THROWING MONEY AT CLIMATE CHANGE
Cumulative Investments in Technology, 2010-2030
EU US Japan China/East Asia Russia India/South Asia
1600
1400
1200
1000
800
600
400
200
0
$US bn
Delayed Action
Regional Divergence$ billion
Geothermal 1,996.0 220.0 1,100.0 95.0 80.0 1,495.0 3,461.0
Hydro 3,400.0 341.3 3,161.0 1,891.0 0.0 5,394.1 8,724.1
Biomass 39.0 276.7 0.0 0.0 0.0 276.7 315.7
Wind 33.0 1,048.0 855.0 442.0 0.0 2,345.0 2,378.0
Solar 1.0 269.0 5.0 5.0 5.0 284.0 285.0
Ocean 0.0 0.0 35.5 35.0 0.0 70.5 70.5
TOTAL 5,438.0 2,155.0 5,156.5 2,468.8 85.0 9,865.3 15,304.3
SECTORInstalledCapacity,
(MW)as of 2010
TotalCapacityAddition
(MW)2011-2030
TotalInstalledCapacityby 2030
Target Capacity Addition by
2015 2020 2025 2030
!"#$%&'()&$%&$(%"*+#,-,."/0(1-0&2("/(345(647(89::;<=(-0(2&>/&2(./(,?&()&,?"2"@"AB
Source: DOE, National Renewable Energy Program Executive Summary