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Report for IPCC finds renewables could supply up to 77% of global energy by 2050 under most optimistic scenario; need for enabling public policies and investments

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Biomass and solar are shown as primary energy due to their multiple uses. This could contribute towards a goal of holding the increase in global temperature below 2 °C—an aim recognized in the United Nations Climate Convention’s Cancun Agreements. They can produce electricity, heat and light. Source: SRREN.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Falling capital costs enabled record volumes of both solar (132GW) and wind (73GW) to be installed on the basis of the modest increase in dollar investment.

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