Addressing climate change through enabling policies for decentral renewable power – Mitigation actions funded through the International Climate Initiative.
Day: Monday, 5th of October
Time: 18:00 – 19:30
Room: Auditorium 2
In the last few years prices for decentral renewable energy from industrially manufactured and highly scalable technologies such as solar PV and distributed storage have fallen continuously. Latest studies from leading think tanks suggest that policy makers and energy planners are still underestimating cost falls in solar PV and related enabling technologies and, consequently, its full implications for decarbonisation efforts worldwide.
Especially small and medium-sized (rooftop) PV installations are close to the load centers and hence cheaper to bring to the end-customer. In addition these installations are relatively quick to develop and install also for private customers, businesses and smaller communities. The main bottlenecks for fast deployment of these technologies are political support, grid management and market structure issues. Low transaction costs for grid access and loan approval procedures are key for the growth of these technology-based markets. Energy governance and distribution grid management issues therefore heavily influence the economic and financial feasibility of decentral supply and demand response options.
Germany has created with the International Climate Initiative (IKI) an instrument to promote projects aimed to support the implementation of greenhouse gas mitigation actions in developing economies. Solar and 100-percent-Renewable-Energy policies are an important focus area of IKI in many regions of the world, with the goal to scale up (comparatively low risk) investments in renewable energy and energy efficiency and trigger important co-benefits (e.g. improved air quality, avoided fuel price and environmental risks). An enabling political and regulatory framework for decentral renewables is an important prerequisite for a dynamic economic development based on inexhaustible and domestic resources.
With the Side Event, BMUB wants to showcase IKI mitigation actions in 3 regions where the high potential of solar resources is a particular opportunity to cover local energy demand with zero emission and low cost energy while minimizing power outages due to congestion and insufficient transmission infrastructure. Self-consumption models based on rooftop solar equipment and batteries capable of delivering additional services to the local distribution grid might become by far the most cost-efficient and fast method to scale-up power capacity and reliability of power distribution in newly industrializing and developing economies.
The overall objective of this side event is to bring together stakeholders from energy ministries, regional and local implementers from public and private entities and financing institutions in order to discuss successful frameworks for solarizing towns and public infrastructures in three emerging regions.
Organisers: Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety of Germany (BMUB)