6. Sustainable Energy Policies

Renewable energy and energy efficiency are sometimes said to be the "twin pillars" of sustainable energy policy. Both resources must be developed in order to stabilize and reduce carbon dioxide emissions. There are various energy policies on a global scale in relation to energy exploration, production and consumption, ranging from commodities companies to automobile manufacturers to wind and solar producers and industry associations. Recent focus of energy economics includes the following issues: Climate change and climate policy, sustainability, energy markets and economic growth, economics of energy infrastructure, energy and environmental law and policies and global warming along with exploring various challenges associated with accelerating the diffusion of renewable energy technologies in developing countries. Most of the agricultural facilities in the developed world are mechanized due to rural electrification. Rural electrification has produced significant productivity gains, but it also uses a lot of energy. For this and other reasons (such as transport costs) in a low-carbon society, rural areas would need available supplies of renewably produced electricity.

The International Renewable Energy Agency (IRENA) is an intergovernmental organization for promoting the adoption of renewable energy worldwide. It aims to provide concrete policy advice and facilitate capacity building and technology transfer. IRENA was formed on 26 January 2009, by 75 countries signing the charter of IRENA. Public policy and political leadership helps to "level the playing field" and drive the wider acceptance of renewable energy technologies. Countries such as Germany, Denmark, and Spain have led the way in implementing innovative policies which has driven most of the growth over the past decade. As of 2014, Germany has a commitment to a sustainable energy economy, and Denmark has a commitment to 100% renewable energy by 2050. There are now 144 countries with renewable energy policy targets. Recent advances in technology and policy will allow renewable energy and energy efficiency to play major roles in displacing fossil fuels, meeting global energy demand while reducing carbon dioxide emissions. Renewable energy technologies are being rapidly commercialized and, in conjunction with efficiency gains, can achieve far greater emissions reductions than either could independently.

  • Potential Benefits of Energy Efficiency
  • Emerging Gaps and Challenges
  • Emissions Reduction Policy
  • Distribution Generation Policy
  • Rural Electrification Policy

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