In recent years, renewable energy has seen dramatic cost declines and large annual growth rates. While the share of renewable energy in the global fuel mix has grown, the total volume of energy produced from fossil fuels has increased as well. Are downward trends in cost enough on their own to spur more rapid growth of clean energy? What is the role for public policy, financing models, and innovation efforts across the renewable energy landscape?
On a new episode of Columbia Energy Exchange, host Jason Bordoff sits down with Adnan Amin, the Director General of the International Renewable Energy Agency, to discuss these and other questions. IRENA supports countries in their transition to a sustainable energy future and serves as a platform for international cooperation. Adnan has more than 25 years of experience in renewable energy, sustainable development, and environmental policy. He joined the Agency in 2010 as Interim Director General and in 2011 was elected as IRENA’s first Director General.
Adnan and Jason caught up to discuss IRENA’s mission and the future of renewables on the global market. Adnan discusses why policy still has an important role to play in the energy transition and provides his thoughts on 100% clean energy, EVs, and the role that renewables can play in emerging markets.
Other topics discussed include the continued threat of geopolitics, how utilities will need to adapt their business models to a low-cost electricity world, and the sustainability of China’s growth model.
On June 1, 2023, Dr. Melissa Lott, Director of Research and Senior Research Scholar, testified before the Senate Energy and Natural Resources Committee on electric reliability in the United States.
In June 2022, the European Commission allowed Spain and Portugal to decouple the price of gas from that of electricity for 12 months.
National oil companies (NOCs) produce about half of the world’s oil and own the bulk of oil and gas reserves. They are also large issuers of bonds held by international financial institutions. Their ESG risks should be a matter of great concern.