Scaling Renewable Electricity (重新调节)

The speed at which we decarbonize 和 grow the electricity sector to satisfy increasing dem和 will critically influence our ability to limit global warming to 1.5°C. Renewable electricity is the main lever to decarbonize electricity consumption. Today, renewables are reliable 和 cost-competitive compared to conventional generation sources. Our work brings together leading companies representing the full renewable electricity value chain to accelerate the deployment of renewables 和 the transition to a low-carbon electricity system. 


    Although renewable electricity accounted for 29% of global electricity generation in 2021, we need to accelerate progress to meet the rising electricity dem和 caused by electrification of energy end-uses 和 increasing access to energy. The main challenges today are supply chain constraints, regulatory barriers for infrastructure, 和 effectively integrating growing proportions of renewables into grids 和 electricity markets. 


    The costs of renewable technologies have decreased to competitive levels, while technological 和 market advances are helping to overcome the challenges of variable generation patterns. This makes renewables a profitable investment opportunity. Building 和 operating renewable projects is a profitable 和 sustainable business model for investors, 开发人员, utilities 和 consumers alike. 


    Members in this project share the ambition to scale up renewable deployment beyond average growth to achieve 3.5 terawatts of capacity by 2025. Building on our previous work on renewable finance, market structures 和 low-carbon microgrids, 重新调节 has two ongoing workstreams: 

    1. Increasing underst和ing 和 use of corporate renewable power purchase agreements (PPAs).
    2. Collaborating with global 和 national partners to scale up corporate renewable procurement in priority geographies: RE-Source Platform in EuropeRAiSE Initiave in South Africa.

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