Accelerating renewables
to achieve energy
security, affordability
and climate action
A five-point plan to restore order to energy markets while
meeting climate goals and creating a secure, stable energy transition.
URGENTLY STREAMLINE PERMITTING AND BUILD A NET ZERO COMPATIBLE PROJECT PIPELINE
IMPLEMENT A GRID ACCESS ACTION PLAN
INTRODUCE SIMPLIFIED MECHANISMS FOR CLEAN POWER PROCUREMENT AND PRICING
AVOID LOCKING IN LARGE-SCALE FOSSIL FUEL BASED GENERATION
COMMIT TO FIRM ENERGY TRANSITION PLANS AND MILESTONES TO ALLOW FOR HEALTHY SUPPLY CHAIN DEVELOPMENT
About the Action Plan
The current global energy crisis has revealed the continued dangers of fossil fuel dependence. The crisis is a result of a delayed and disorderly energy transition. The only permanent fix for the three related problems of security, affordability and climate change is a determined and accelerated effort to move away from fossil fuels to renewables and related enabling technologies.
Wind energy 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 will be beyond reach.
This plan lays out five detailed methods to deploy wind energy as one of the most competitive and quickly deployable technologies we have today to ensure we do reach 2050 targets for a net-zero future.
A global energy crisis
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 Russian invasion of Ukraine has exposed the starkest challenges of energy security and fossil fuel dependence. But the energy crisis is global, and the past year has seen the biggest disruption in the global energy market in modern times. We are witnessing policy and market misalignments in terms of achieving the energy transition, resolving the energy trilemma and delivering a green recovery in the wake of the COVID-19 pandemic.
Oil and gas supply shocks have caused wholesale gas prices to soar to six times higher than a year ago and crude oil spot prices to spike by 66%
Due to gas price increases, households in Europe paid nearly two-thirds more for electricity in March 2022 compared to December 2021
Wind power is more important than ever to ensure net zero targets, energy independence and security. We can take decisive actions within the next 12 months to improve the situation in the short to mid-term, while avoiding decisions which lock in fossil fuel dependency and risk worse crises in the future.
The Power of Wind
To support the rapid, global scale-up of wind energy, the ‘Accelerating Renewables to Achieve Energy Security, Affordability and Climate Action’ document is a guiding document comprised of a five point plan for countries to accelerate development of on shore and offshore wind to reap the socioeconomic benefits they can offer.
The plan answers how the public and private sector can upgrade urgent policy recommendations to scale up wind power generation and reach The Paris Agreement, 1.5C degree goal by 2050. Including:
- Urgently streamline permitting to produce a huge increase in onshore and offshore 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 generation.
- Commit to firm energy transition plans and milestones to allow the renewables industry to plan for healthy supply chain development
