The energy transition is the pathway from a fossil-based energy sector towards a zero-carbon one. There are many routes that may lead to such a destination, with different combinations of technologies and policies that can be implemented. IRENA’s objective is to identify the best strategies to guide the transition to happen in the most optimal manner, maximizing economic and social benefits, wealth creation and inclusion of all stakeholders.
The energy transition involves an accelerated deployment of energy efficiency and renewable energy technologies. This requires a systemic innovation, matching and leveraging from synergies in innovations in all sectors and components of the system, involving all actors. It includes innovations in information technology, policy frameworks, market design, business models, finance instruments, enabling infrastructure and sector coupling. Improved processes, research, development and deployment (RD&D) systems and cooperation networks are essential to solve the barriers towards a zero-carbon energy sector.
In order to foster cooperation networks, IRENA organized the Innovation Week, a first-of-its-kind event, gathering the industrial and political frontrunners to present, discuss and explore innovative solutions within the theme – “The Age of Renewable Power”.
The focus of discussions was on how technological innovations, operational innovation and systemic innovations in policy, regulation and business, interact and re-enforce each other, contributing to power system transformation.
The study comprise a compendium of innovative case studies from all over around the world that contribute to the power sector transformation. An in-depth analysis and practical recommendations on how and in which context the case studies can be replicated would guide the countries on their best pathway to achieve a renewables-based power system.