High level participation from India at Berlin Energy Transition Dialogue 2018

At the 4th Berlin Energy Transition Dialogue, hosted by the German government on 17 and 18 April. Dr. Ajay Mathur, Director General of International Think Tank TERI led the panel discussion on effective energy efficiency policies. Best Practice cases from India were demonstrated especially thanking the German Energy Cooperation and GIZ for having supported many of the policies from the very beginning. Joint Secretary Mr. Aniruddha Kumar from the Ministry of Power actively participated in high level discussion on e-mobility and his role in the present energy transition.  IRENA statistics formed the basis for long-term perspectives and the next steps to be taken in the energy transition. IRENA Secretary General Adnan Z. Amin and Dr. Fatih Birol, executive director of the International Energy Agency (IEA), presented how the under- two-degree objective of the Paris Climate Agreement can be achieved.

The IRENA Global Energy Transformation: A Roadmap to 2050 study estimates that at least six times more renewable energy capacities need to be added worldwide at present to achieve the goals set. Renewable energy sources should account for two thirds of energy consumption and 85% of electricity production by 2050. An accelerated energy transition also makes economic sense, according to the study. By 2050, 7.4 million fossil energy jobs would be lost, but at the same time, 19 million new jobs would be created in the fields of renewable energy, energy efficiency, grid expansion and energy flexibility - net of 11.6 million energy jobs worldwide. Cost savings made possible by the energy transition far outweigh the extra costs, according to calculations from the analysis. For example, according to the IRENA scenario, a comprehensive long-term energy transition would cost $ 1.7 trillion annually by 2050 compared to current energy policies. On the other hand, costs of US $ 6 trillion could be saved each year by reducing air pollution, reducing environmental damage and improving health. In addition, the energy transition is stimulating economic growth. Compared to a "business as usual" scenario, the study estimates additional economic performance of $ 52 trillion between 2018 and 2050.