09.01.2020, Neel Tamhane,  Solar Project Lead , SPACE10

Can emerging economies leapfrog the energy transition?

  • Growing demand for power in the developing world presents an opportunity
  • New technologies mean this demand can be met in a sustainable way
  • Renewables could also mean greater independence for these countries

Around half of current total global carbon emissions are a result of electricity and heat production. At the same time, there are still more 860 million people across the globe that lack access to energy. As countries strive to grow their economies, how can we effectively and efficiently balance people’s need for access to reliable and affordable energy while ensuring that we continue to reduce global emissions?

As the signatory states of the Paris agreement seek to meet their emission-reduction targets, the integration of renewable energy sources will continue to increase; the nationally determined contributions (NDC) pledged at Paris have proven inadequate to meet climate goals, and the updated targets will require 3.3 times the current global capacity. A decarbonized grid in the near future seems very possible, especially with the falling costs of solar PV and wind energy, coupled with the rapid advancements in energy-storage technologies.

“Quisque eleifend ac magna eu sodales. Sed ullamcorper bibendum lectus sed scelerisque. Quisque non consequat orci. Vivamus eu ex id erat luctus congue ac et libero”

Morbi nec orci diam. Nullam pretium turpis et elit dapibus, nec rutrum odio tristique. Donec consectetur cursus nunc eget mattis. Nam at finibus erat. Mauris convallis venenatis tristique. Aenean sit amet nibh mollis risus tincidunt commodo. In pulvinar velit justo, quis dapibus tortor dignissim eu. Aenean tincidunt suscipit pellentesque.

Donec vehicula dui quis sapien

Ut vitae lobortis magna, id viverra orci. In eget scelerisque nibh, nec suscipit lacus. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Aliquam pulvinar ipsum augue, tempor luctus felis malesuada venenatis. Vestibulum sit amet imperdiet risus. Etiam eget vehicula metus, ac vehicula libero. Aliquam et viverra urna. Vivamus elementum porta lectus.

Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Proin nec finibus sapien. Vivamus nec finibus neque. Curabitur euismod libero nec efficitur sagittis. Suspendisse ut fermentum sapien, vel gravida purus. Praesent ligula libero, ullamcorper nec rhoncus at, ullamcorper at sem. Mauris in ante posuere, fringilla erat ut, viverra magna.

Vestibulum auctor leo nec faucibus.

Nam efficitur velit in maximus vulputate. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer gravida auctor ipsum. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. Phasellus sagittis sodales dapibus. Duis ultrices ultricies hendrerit. Maecenas eget odio lacinia, viverra mauris sit amet, lacinia justo. Duis in dignissim sapien, eu consectetur nibh. Aliquam fermentum metus fringilla sagittis tempor.