Date(s) - December 4, 2021
6:00 am - 8:00 am
Categories No Categories
How Can Hydropower Help Deliver the Paris Agreement?
The energy sector is the source of around 75% of greenhouse gas emissions today and holds the key to averting the worst effects of climate change, perhaps the greatest challenge humankind has faced. Reducing global carbon dioxide (CO2) emissions to net-zero by 2050 is consistent with efforts to limit the long‐term increase in average global temperatures to 1.5 °C. This calls for nothing less than a complete transformation of how we produce, transport, and consume energy.
The path to net‐zero emissions is narrow: staying on it requires an immediate and massive deployment of all available clean and efficient energy technologies. Our pathway calls for scaling up solar and wind rapidly this decade, reaching annual additions of 630 gigawatts (GW) of solar photovoltaics (PV) and 390 GW of wind by 2030, four‐times the record levels set in 2020. For solar PV, this is equivalent to installing the world’s current largest solar park roughly every day. Reaching the targets for renewables is not enough, they have to be supported by storage.
According to IEA around 850 GW+ of new hydropower capacity is needed by 2050 to support the most cost-effective energy transition and limit temperature rises to less than 2C. More recent analysis from 2021, focused on more ambitious targets of a 1.5C temperature limit, suggest there will need to be well over 1,000 GW of additional hydropower capacity in order to support a majority wind and solar energy system. Hydropower’s role is changing, historically it was often used for ‘baseload’ power, but is now increasingly needed as a flexible resource, in particular, to support the integration of huge amounts of variable renewables such as solar and wind.
Pursuing the Paris Agreement’s climate stabilization objectives requires decisive public policy and trillions of dollars investment actions to transform the global energy system. Two speakers will discuss if this transition to clean energy is possible and how hydropower can help deliver the Paris agreement.
Mr. Pravin Karki, Global Lead Hydropower & Dams, World Bank Group
Mr. Karki, Global Lead for Hydropower & Dams. Pravin has more than 30 years of experience as water resources, hydraulics, and hydropower engineer in consulting, international policy, and academic settings. He has a special interest in sediment management and climate change in the water resources, hydropower, and dams sector and has worked on World Bank hydropower projects in Africa; Central, East, and South Asia; and the Pacific.
Mr. Richard Taylor, Director, RMT Renewables Consulting
Mr. Taylor, Director, strategic advisor, renewable energy and water, RMT Renewables Consulting Ltd. Richard has made a profound impact on the international renewable energy sector, and especially hydropower. Working with public agencies, financiers, and the private sector, he has built consensus on international good practices and criteria for decision-making. He has held senior positions in water and energy since 1994, with assignments in more than 50 countries. In addition to water and renewable energy development, his interests include climate change and sustainability.