The Post COP 22 Renewable Energy Landscape 45th Cairo Climate Talks. January 23, Mahmoud El-Refai Power Generation Services, Siemens

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1 The Post COP 22 Renewable Energy Landscape 45th Cairo Climate Talks. January 23, 2017 Power Generation Services, Siemens Unrestricted Siemens 2017 siemens.com

2 Our priority in bringing down CO2 emissions Energy sector ~ 2/3 of GHGs ~ 15 Gigatonnes gap to stay on the 2 C trajectory. If all NDCs are fully implemented, the temperature will rise roughly 2.7 C by the end of the century. Renewable energy and energy efficiency are the most effective way to close that gap for two reasons: RE can deliver half of all emission reductions needed to keep temperature rise below 2 C. EE measures can deliver the rest. RE and EE are the only technologies that can be deployed fast enough and at sufficient scale to close this gap in time. Page Sources: The International Renewable Energy Agency (IRENA)

3 A world powered by renewable energy is not only possible, it s already happening Renewables ~ 50% of capacity additions in the global power sector since 2011 Renewables ~ 22% of total global electricity generation reducing total power sector emissions by 20%. Page Sources: International Energy Agency (IEA)

4 Global Overview on Renewable Energy Capacity and Electricity Generation Page Sources: IRENA

5 Avoided Emissions vs. Electricity Mix Calculator Page

6 A World in transition As of October 2015, 133 countries have expressed support for the long-term goal of decarbonisation, net zero emissions, or carbon neutrality. (Track 0) Page Sources: IRENA, Track 0

7 Renewables are the most affordable source of power in many parts of the world Solar PV module costs have fallen as much as 80% since Wind turbine prices have fallen by almost a third since Residential solar PV systems are now as much as 65% cheaper than in2008. Onshore wind is now one of the most competitive sources of electricity available with some projects now delivering electricity for as little as US 4 cents/kwh Page Sources: IRENA, REN21, WEF

8 Evolution of utility-scale solar PV auction prices around the world Page Sources: IRENA

9 Global cumulative installed solar PV capacity by country, 2015 Page Sources: IRENA

10 Installed Renewable Energy Capacity in Arab Countries (2015) Page Sources: Arab Union of Electricity; IRENA; LAS/RECREE

11 Renewable energy technologies are creating more jobs than fossil fuel technologies 7.7 million People work in the RE sector (excl. large hydro), an 18% increase from the previous year. If 36% renewable energy is achieved, employment levels could exceed 24 million jobs by PV creates twice the jobs per unit of electricity than coal or natural gas. China employs more than 3.4 million people in its RE sector ~ 20% of the total workforce in the country s energy sector, while jobs in the oil and gas sectors combined (2.6 million). Page Sources: IRENA

12 We are on the right path but more action is needed Based on current policies and those under consideration the share of renewable energy in total final energy consumption will increase to only 21% by 2030, causing an increase in global emissions. Reaching a 36% share (enough to remain on a 2 C trajectory) would require the rate of renewable energy uptake to rise by around 1% per year until 2030, a six-fold increase from current levels. To realize the emissions-reducing potential of renewables by 2030, global annual investment in renewable energy would need to double from current levels to reach over USD 500 billion by 2020, and would need to be further scaled up to an annual average of USD 900 billion between 2021 and End-use sectors would account for roughly one third of investments, with the major part of investments (about two thirds) continuing to remain in the power sector. Page Sources: WEF

13 Thank you! Siemens Power Generation Services Page

14 BACKUP Page Sources: World Economic Forum (WEF)