28 October 2015
DOHA: Supported by global subsidies that amount to an estimated $120bn, renewable energy technologies are rapidly gaining ground across the globe. With rapid cost reductions and continued support, renewable will account for almost half of the increase in total electricity generation by 2040, a top executive at Qatar General Electricity and Water Corporation (Kahramaa) has said.
"Power sector is leading the transformation of global energy... Electricity is the fastest-growing final form of energy. It contributes more than any other sector to the reduction in the share of fossil fuels in the global energy mix. In total some 7200 gigawattts of capacity needs to be built to meet with increasing electricity demand , while also replacing around 40 percent of the existing power plants due to 'retire' by 2040. The strong growth of renewable in many countries raises their share in global power generation to one-third by 2040", Abdulaziz Al Hammadi (pictured), Manager (conservation & energy), Kahramaa said. Addressing the opening session of the two-day Power Qatar Summit 2015, Al Hammadi said Qatar is committed to achieve sustainable development and is striving to become a leader in energy efficiency.
Kahramaa adopts the 2030 vision form the very beginning, whose core pillar is the work towards comprehensive sustainable development. Kahramaa's mission is providing high quality and sustainable electricity and water for better living in Qatar. "This mission is guided by a vision that by 2030 our people, assets and operations will set a global benchmark for performance, technological innovation, environmental sustainability and social responsibility in the electricity, water and district cooling markets," he said.
The three major global challenges relating to energy- supply security, investment credit and climate change are interlinked. To maintain the current quality of life enjoyed, and to improve it for many others, society need to accept a new economic and technical approach, he said.
Making the necessary transition for the global energy sector form the fossil fuel era to a "post-carbon" era is not an easy task. It should include more sustainable use and more equitable share of our limited resources, including energy, for all people.
DOHA: Supported by global subsidies that amount to an estimated $120bn, renewable energy technologies are rapidly gaining ground across the globe. With rapid cost reductions and continued support, renewable will account for almost half of the increase in total electricity generation by 2040, a top executive at Qatar General Electricity and Water Corporation (Kahramaa) has said.
"Power sector is leading the transformation of global energy... Electricity is the fastest-growing final form of energy. It contributes more than any other sector to the reduction in the share of fossil fuels in the global energy mix. In total some 7200 gigawattts of capacity needs to be built to meet with increasing electricity demand , while also replacing around 40 percent of the existing power plants due to 'retire' by 2040. The strong growth of renewable in many countries raises their share in global power generation to one-third by 2040", Abdulaziz Al Hammadi (pictured), Manager (conservation & energy), Kahramaa said. Addressing the opening session of the two-day Power Qatar Summit 2015, Al Hammadi said Qatar is committed to achieve sustainable development and is striving to become a leader in energy efficiency.
Kahramaa adopts the 2030 vision form the very beginning, whose core pillar is the work towards comprehensive sustainable development. Kahramaa's mission is providing high quality and sustainable electricity and water for better living in Qatar. "This mission is guided by a vision that by 2030 our people, assets and operations will set a global benchmark for performance, technological innovation, environmental sustainability and social responsibility in the electricity, water and district cooling markets," he said.
The three major global challenges relating to energy- supply security, investment credit and climate change are interlinked. To maintain the current quality of life enjoyed, and to improve it for many others, society need to accept a new economic and technical approach, he said.
Making the necessary transition for the global energy sector form the fossil fuel era to a "post-carbon" era is not an easy task. It should include more sustainable use and more equitable share of our limited resources, including energy, for all people.
© The Peninsula 2015
