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$131trln needed by 2050 to finance renewables, says IRENA

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Việt Nam attends seventh Berlin Energy Transition Dialogue - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Update: March, 17/2021 - 11:17 | Delegates attending the Berlin Energy Transition Dialogue held virtually. VNA/VNS Photo BERLIN Deputy Minister of Industry and Trade Đặng Hoàng Ân shared Việt Nam’s roadmap to form electricity and energy markets towards efficient and sustainable power development at the seventh Berlin Energy Transition Dialogue (BETD) that took place virtually on Tuesday. The official underlined the significance of the expansion of renewable energy as well as the importance of advanced technology for the distribution, operation and management of the system. Themed Energiewende – Towards Climate Neutrality,  the two-day event drew politicians, policymakers and experts from 50 countries and territories, including US Climate Envoy John Kerry and Secretary of Energy Jennifer Granholm.

Technologies for net-zero energy system exist: Irena

Technologies for net-zero energy system exist: Irena ABU DHABI, 4 days ago Proven technologies for a net-zero energy system already largely exist today, finds the preview of World Energy Transitions Outlook by the International Renewable Energy Agency (Irena).    Renewable power, green hydrogen and modern bioenergy will dominate the world of energy in the future, it says.   Previewed at the Berlin Energy Transition Dialogue, Irena’s Outlook proposes energy transition solutions for the narrow pathway available to contain the rise of temperature to 1.5 deg C and halt irreversible global warming. 90% of all decarbonisation solutions in 2050 will involve renewable energy through direct supply of low-cost power, efficiency, renewable-powered electrification in end-use as well as green hydrogen. Carbon capture and removal technologies in combination with bioenergy will deliver the ‘last mile’ CO2 reductions towards a net-zero energy system, said a Wam news agency repo

Saudi Arabia targets 1 million b/d domestic oil demand reduction | Hellenic Shipping News Worldwide

Saudi Arabia targets 1 million b/d domestic oil demand reduction Saudi Arabia plans to reduce domestic consumption of liquid hydrocarbons by 1 million b/d for use “in a better way”, the kingdom’s Energy Minister Prince Abdulaziz bin Salman said on March 16. Before the COVID-19 pandemic, the kingdom the Gulf’s largest economy was consuming around 491,000 b/d of oil for industrial use and power generation during the height of its summer demand in 2019, according to previous S&P Global Platts Analytics estimates. The US Energy Information Administration had estimated the figure to be closer to 1 million b/d in 2015 at the peak of summer during a record year for demand.

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