Friday, March 29, 2024 | Ramadan 18, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Sustainable energy balance must to meet global demand

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With global energy demand expected to grow 30 per cent by 2040 as per International Energy Agency (IEA) estimates, a sustainable energy balance needs to be achieved to meet this requirement while also ensuring reduction in hazardous emissions, experts said.


A stable and safe energy balance will require a combination of different sources of clean generation — with a mix of wind and solar combined with nuclear power — from every country worldwide, they said.


The Director-General of the Russian state atomic energy corporation Rosatom, Alexey Likhachev, said that there will be no place for monogeneration in the future global picture.


“In any case, both stability and peak loads will be provided by different types of generation: solar, wind, and certainly nuclear, geothermal and many other renewables. We definitely consider nuclear energy to be a clean energy source,” he said.


In recent times, carbon emissions have reached extremely high levels globally, raising questions about how the world’s energy system should develop in the future.


More and more countries are developing renewable energy projects. The UAE government has announced its intention to invest $163 billion in renewable energy projects to meet more than half of its needs by renewables.


In 2016, China invested $32 billion in overseas renewable energy projects and is planning to invest at least $360 billion by 2020.


India is also actively developing renewables. The installed capacity of the country’s wind energy farms, mainly concentrated in the western, southern and northern regions of the country, exceeds 28 GW. India also plans to achieve the target of 100 GW of solar power capacity by 2022.


French President Emmanuel Macron recently said his “priority was to cut carbon emissions and shut down polluting coal-fired production.


Germany decided to get rid of its nuclear power and spent billions of dollars for expanding its renewables infrastructure. However, greenhouse gas emissions increased in Germany over the last several years as the capacity of the closed down nuclear plants had to be replaced by thermal and coal generation.


According to Kirill Komarov, Rosatom’s First Deputy Director-General for Corporate Development and International Business, the renewables and nuclear power industry should “work as a team” to achieve the goals of the 2015 Paris Agreement to keep the rise in temperature to less than two degrees Celsius by the end of the century. “Balance is very important not only for good, normal and properly organised consumption but also for power systems as a whole.” — IANS


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