B4E Climate Summit 2011 Wrap-Up
The Renewable Energy Working Group at the Business For Environment (B4E) 2011 Climate Summit in London, led once again by Renewables 100 Policy Institute Founder Angelina Galiteva, repeated the call for commitment to 100% renewable energy as an essential component of a strong economic and environmentally sustainable future.
The Summit's Business Declaration on Climate Change/Call to Action for Renewable Energy specifically states:
The group present at the B4E summit supported a 100% target for renewable energy (including in the transport sector) by 2050, believing that achieving such a target is viable with existing and foreseeable technologies, with limited stranded assets, and that movement towards such a goal should begin now so as to maximize efficiency of capital investments over the long-term.
Concrete milestones and benchmarks for intermediary time periods â€“ 2020, 2030, 2040 â€“ would help corporate planning, while enforceable targets would unlock long-term project finance to scale up renewables.
Constructing a 100% renewable energy system will need to include smart grid, storage and other innovations with broad effects on the nature and distribution of the electricity generation system.
Clear, long-term legal and regulatory frameworks should be established at the global and national levels.
The lowest-cost pathway to the 100% renewable energy goal will pick no technological winners, but provide access to the grid for producers and consumers, and provide temporary balancing support (such as time-limited feed-in tariffs).
Existing direct and indirect subsidies in many contexts tilt the playing field against renewables and regulatory action and support is necessary.
Standardization of policies, regulations and technical standards are key to creating globally responsive industries.
Renewable research and development should be much better linked.
Public education around energy costs should include external social and environmental costs, and take account of current and historic subsidies to the existing fossil fuel sectors.
The entire 2011 Business Declaration On Climate Change can be found here:
World Wildlife Fund Director General James Leape commended the Renewable Energy working group for committing to the global goal of 100% renewable energy.
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View Angelina's Introductory Remarks here:
scroll to minutes: 20:10-24:35
View Angelina Galiteva's dialogue with Plenary Panelists about how to overcome obstacles created by incumbent energy players in the developed world, as well as developing countries, and the role of women in developing countries as part of the solution:
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