Working Lunch – Accelerating Renewables to achieve energy security and climate action
GWEC'S GLOBAL MARKETS THEATRE AT WINDENERGY HAMBURG
The world is facing unprecedented challenges to energy security, rising inflation and a narrowing time window to achieve climate goals and limit dangerous global heating.
The global crisis has worsened in the last 12 months to constitute a true emergency, as consumers and industry face rocketing electricity and energy bills and policymakers initiate emergency response packages.
Wind energy is one of the most competitive and quickly deployable technologies we have
today, and has a central role in improving global energy security. But for wind to thrive, it needs large volumes for deployment and a robust global supply chain – without these, any prospect of meeting net zero scenarios in this decade is beyond reach.
In July 2022, GWEC produced a five point plan that illustrate tangible steps that can be taken within the next 12 months that will improve the situation in the short to mid-term.
This session will explore the five key take aways from the plan, namely:
- Urgently streamline permitting to produce a huge increase in wind capacity in the next 1-3 years and build a net zero-compatible project pipeline.
- Implement a grid access action plan to get large volumes of renewable energy connected.
- Introduce simplified mechanisms for clean power procurement and pricing to rapidly unlock investment.
- Avoid locking in large-scale fossil fuel-based
- Commit to firm energy transition plans and milestones to allow the renewables industry to plan for healthy supply chain development.
Joyce Lee will run through the findings of the five point plan and take a discussion with key industry players on just how realistic is this outcome?