Are We on the Cusp of a Global Renewable Energy Transition?

Abstract

This chapter examines global energy trends, whether a global renewable energy transition is already taking place, and what steps are needed to further accelerate the global deployment of renewables. It first considers the expansion of renewable energy in light of global energy trends, noting that a global energy transition is not yet a reality but is urgently needed. It then looks at drivers and barriers for an accelerated expansion of renewable energy and proceeds by discussing how renewables are moving from the sidelines to the center stage of global energy governance. In particular, it describes the politics behind the creation of the International Renewable Energy Agency (IRENA), an intergovernmental organization on renewable energy, as well as current challenges for global governance on renewable energy. The chapter shows that global renewable energy capacities have grown significantly but that global energy supply is still dominated by fossil fuels.