US can increase renewables share to 27 percent by 2030
The United States can increase the use of renewable energy in its energy mix from 7.5 percent in 2010 to 27 percent by 2030, according to a new report released by IRENA.
The report also states that the US can increase its use of renewable energy in power generation from 14 percent to almost 50 percent by 2030.
“As the second largest energy consumer in the world, the US must continue to play a leading role in the global transition to a sustainable energy future. The recent agreement between the US and China to reduce greenhouse gas emissions is a groundbreaking step, but this report aims even higher, showing that more can be done at limited cost,” said Adnan Z. Amin, Director-General of IRENA.
An annual investment of USD 38 billion between now and 2030 is required to reach the 27 percent renewables mark, which represents an annual increase of USD 38 billion when compared to the financing so far.
The report shows that the higher renewable share will result in an annual savings of USD 30 to 140 billion by 2030 when accounting for factors like human health and reduced emissions.
The report is part of IRENA’s renewable energy roadmap, REmap 2030, which provides a plan to double the share of renewable energy in the world’s energy mix by 2030 and determines the potential for the US and other countries to scale up renewable energy in the energy system, including power, industry, buildings, and the transport sector.