we accelerate
Energy Transition
80% of all new energy capacity added in 2020 originated from renewable sources with 91% from solar and wind
The Kyoto Protocol signed in 1997 was the world’s first legally binding instrument for cutting greenhouse gas emissions
The Protocol signified and warned our societies that the current trend of global warming is not sustainable and that the implementation of renewable energies is necessary. The Paris Agreement in 2015 was the first ever universal, legally binding global climate agreement. It further highlighted global climate issues and was able to obtain more support from emerging market economies unlike the Kyoto Protocol which only covered 12% of the worlds carbon emissions at the time.
Wind Energy
Wind energy is the second largest source of renewable energy after hydropower. It is powered by wind turbines which use permanent magnets that include rare earth elements. According to the International Energy Agency, the global wind capacity additions in 2020 increased more than 90% compared to last year.
Solar energy
The amount of solar radiation reaching the earth’s surface every hour is more than all the energy currently consumed by all human activities each year. Theoretically, covering 5.5% of the Saharan desert’s surface with solar panels would produce all electricity consumed globally. The International Energy Agency estimates the global solar power installations to have grown by 23% in 2020.
Hydrogen energy
Currently 95% of the hydrogen production comes from fossil fuels. The new focus is sourcing it by separating water into hydrogen and oxygen using renewable energy. This technology enables hydrogen to be a key driver for the energy transition.
