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The world is currently facing vital decisions about the energy of tomorrow.

While global primary energy demand is likely to grow by more than 30% over the next 20 years, the need to tighten greenhouse gas (GHG) emissions to address climate change is one of the main challenges of this century. This challenge, and in particular, the goal of limiting global warming below 2°C recently agreed at COP 21, requires an urgent shift towards a low-carbon economy.

In this scenario, renewables are expected to play a key role within the energy sector that is the largest contributor to GHG emissions. Renewable energy has proven to be a competitive source of energy, with a strong contribution to GDP (Gross Domestic Product) growth on top of mitigating the potential impacts in the economy that climate change would bring.

Renewable Energy Advantages

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An immediate path to decarbonise the global energy mix
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Ramping renewables is essential to meet climate goals without decelerating economic growth and reducing welfare. According to “IRENA” (International Renewable Energy Agency), doubling the share of renewable energy by 2030 could deliver around half of the required emissions reductions and, coupled with energy efficiency, keep the average rise in temperatures below 2°C, preventing, ultimately, the worst impacts of climate change. Most precisely, doubling the share of renewable energy by 2030 would allow to reduce 8.6 Gt of energy-related CO2 every year until 2030.

Bringing economic growth & improving energy security
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Today, renewable energy technologies are viewed not only as tools for
mitigating climate change, but are also increasingly recognised as
investments that can provide direct and indirect economic advantages by
reducing dependence on imported fuels (and hence, improving trade
balances), enhancing local air quality and safety, advancing energy
access and security, propelling economic development and creating jobs.

Renewables are feasible and economically viable
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Plummeting costs for renewable energy technologies are making a global
energy transition not only possible, but actually, less expensive than
the alternative. This is the reason why an increasingly number of
private companies are opting for renewables to provide their energy
needs, including some of the biggest worldwide as Apple, Ikea, Amazon,
Wal-Mart and Lego.

The costs of addressing climate change may be lower than the costs associated to inaction
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Many studies have also analysed the costs of addressing climate change
compared to the costs of “inaction” (business as usual). Most of the
studies agree on the fact that, if we don’t act now, the overall costs
and risks of climate change would outweigh the costs of current
mitigation options. Most of the studies conclude that, potential impacts
of climate change on water resources, food production, health and the
environment among others, will provoke important losses for the
economies. Instead, the costs of mitigation options (mainly renewables’
deployment) will have a negligible impact on aggregate terms.

Renewable energy

There are several persistent myths about renewable energy, especially with respect to climate change and economic competitiveness. Unfortunately, these myths have penetrated public opinion and are influencing the political landscape around the world. In order to shed some light on this debate and set the record straight on some of the key issues, learn more here:

Estrutura Organizativa

Remit Regulation

The European Regulation 1227/2011 on wholesale energy market integrity and transparency (REMIT) sets out the obligation for market participants to publish inside information in an effective and timely manner.