Leading Wind Energy CEOs Call for G20 to ‘Get Serious’ About Renewables
“G20 member countries represent more than 80% of global energy-related carbon emissions – so the leaders of these countries hold the power and public duty to transform the world’s energy system,” said GWEC CEO Ben Backwell. “These countries need to get serious about renewables, and in particular wind energy as the clean energy solution with the most potential to help the world meet its Paris Agreement targets.”
The letter is signed by the leaders of the largest wind power companies – including Vestas Wind Systems, Siemens Gamesa Renewable Energy, Ørsted, SSE, RWE, and Mainstream Renewable Power, and associations representing the industry in key geographies such as the UK, Europe, Brazil, China, Mexico, South East Asia and South Africa.
The signatories highlight that the recent roadmap from the International Energy Agency (IEA) shows that annual wind deployment must quadruple from 93 GW in 2020 to 390 GW in 2030 to meet a net zero by 2050 scenario. Both the IEA and IRENA are aligned in the total wind energy capacity required for a net zero scenario which is compatible with a 1.5°C warming pathway, foreseeing a need for 8,265 GW and 8,100 GW by 2050, respectively.
If current growth rates for wind energy persist, the letter argues that global wind capacity will fall dramatically short of the volumes required for carbon neutrality by 2050, with installation shortfalls of as much as 43% by 2050.