REN21 Exec Rana Adib assesses global status of renewable energy in power sector

As the global demand for energy continues to rise, the conversation around renewable energy sources is becoming increasingly prevalent. Rana Adib, Executive Secretary of REN21, recently discussed the global status of renewables in the power sector with CNBC Africa's Esther Awoniyi. Adib highlighted the role of cities in driving the uptake of renewable energy, pointing out that national governments often face challenges in transitioning to cleaner energy sources due to economic systems built around fossil fuels. However, cities like Casez in Uganda are setting a precedent by adopting 100% renewable energy targets, showcasing the opportunities for urban areas to lead the way in sustainable energy practices. One of the key points raised by Adib is the importance of access to reliable energy, particularly in regions like Africa where power shortages and outages are common. By investing in renewable energy, cities not only improve access to energy but also create local jobs and stimulate economic growth. Adib stressed the need for cities to seize the opportunities presented by renewable energy and emphasized the role of district cooling and heating systems in building sustainable infrastructure. Adib also touched on the challenges posed by erratic policy frameworks, noting that support for the fossil fuel industry remains prevalent in over 110 countries. Despite the fact that renewable energy has become cost-competitive in many cases, existing policies often hinder its full potential. She called for clear targets, strategies, and roadmaps to guide governments in transitioning to cleaner energy sources. Furthermore, Adib discussed the need for countries to set more ambitious climate targets in 2020 to address the pressing issue of climate change. While she expressed realism about the challenges ahead, she highlighted the role of cities in inspiring change and influencing national governments to adopt bolder strategies. Adib pointed to examples like Cape Town in South Africa, which has taken legal action to procure renewable electricity from independent power producers, as a model for driving decarbonization efforts. Another key issue addressed in the discussion was the need for fossil fuel subsidy reforms. Adib emphasized that cutting fossil fuel subsidies is crucial to leveling the playing field for renewable energy sources. By removing artificial cost advantages for fossil fuels, countries can create a fair market environment where renewable energy can compete effectively. Adib underscored the potential for shifting subsidies from dirty energy sources to renewable energy, not only to reduce pollution levels but also to enhance energy security and stimulate local economies. In conclusion, Adib's insights shed light on both the opportunities and challenges in the renewable energy sector, particularly in the context of urban environments. Cities have the potential to drive significant change in the adoption of clean energy practices, but they must navigate policy barriers and subsidy reforms to realize their full potential. As countries and cities work towards more ambitious climate targets, the role of renewable energy in powering a sustainable future becomes increasingly paramount.