A new report from the Global Wind Energy Council (GWEC) has suggested that wind power could supply 20 per cent of electricity demand worldwide by the year 2030, helping the sector reduce carbon emissions by over 3.3 billion tonnes a year.
What this means is that the sector could attract investments worth approximately £178 billion, creating 2.4 million new jobs over the next 14 years, Energy Live News reports.
By the end of 2015, global wind power installations reached 433GW, a rise of 17 per cent compared with the year before, primarily down to the fact that some £97 billion was invested in new developments.
Secretary-General of the GWEC Steve Sawyer was quoted by the news source as saying: “Wind power is the most competitive option for adding new capacity to the grid in a growing number of markets but if the Paris agreement targets are to be reached, that means closing fossil fuel fired power plants and replacing them with wind, solar, hydro, geothermal and biomass. That will be the hard part and governments will have to get serious about it if they are to live up to the commitments to which they have now bound themselves.”
However, a new report from the Committee on Climate Change has suggested that the UK has stalled with regards to its progress in hitting certain targets in the Climate Change Act come the year 2050.
The Committee proposed that the role of hydrogen for buildings on the gas grid be set out in the next Parliament, while also making sure that the Emissions Reduction Plan covers immediate actions and readies the country for future decisions to be made come the next Parliament.
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