SUSTAINABLE ECONOMIC DEVELOPMENT
The world is taking action to achieve sustainable development. Learn why now is the time with Genia Global Energy.
As a company in the renewable energies sector, we find ourselves in an exceptional moment, with challenges and commitments that demand agreements and pacts between primary sectors, but especially the industrial and business sectors.
We put forward new models and technologies for energy generation, use and management.
The European recovery fund, which can allocate up to €140 billion to Spain, will especially support the clean energy sector, as accelerating decarbonisation and elevating competitivity within the industry are two priorities announced by the EU.
The general objective is to position Spain as a technological benchmark in the production and utilisation of renewable hydrogen to significantly contribute to decarbonising the economy and to bringing Spain and the EU technological and industrial status in this sector of the future.
The Recovery, Transformation and Resilience Plan 2021/2030 has an estimated TOTAL Investment, which includes other sources of financing apart from the Recovery and Resilience Facility, of: €1,555,000,000
For a Sustainable
Recovery, Transformation and Resilience Plan 2021/2030.
We have the solution to fuel Europe’s energy transition.
Global renewable energies
Why is now the time for renewable energies?
Why is now the time for renewable energies?
These four pillars inform the ten lever policies that determine the future evolution of Spain.
The Recovery Plan is targeted at achieving sustainable, inclusive growth through a consistent, coordinated strategy, in the short term and with respect to national and EU economic policy instruments. These ten lever policies encompass thirty components for the coherent investment and reform projects of the Plan.
Fair and inclusive energy transition
- Rollout and incorporation of renewable energies.
Electric infrastructure, promotion of smart networks and flexibility and storage rollout.
Roadmap for renewable hydrogen and its incorporation into the sector.
Fair Transition Strategy.
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has published the long-awaited Biogas Roadmap proposal.
The way forward is based on 5 key points of action and 43 concrete measures with the aim of multiplying sustainable production of this renewable-origin gas by 3.8 by 2030.
Now is the time to revise and understand the elements of improvement that contribute to the drive for biogas in Spain.
The Hydrogen Roadmap offers a forward-looking approach for 2030 and 2050, establishing ambitious objectives for Spain in 2030. Its implementation will ensure the industrial and technological positioning of the economy within the EU.
It seeks to decarbonise a relevant volume of hydrogen consumed at present and to fully introduce hydrogen in mobility.
The ultimate objective is to contribute to the implementation of the objectives established in the National Integrated Energy and Climate Plan.
In particular, the 2030 Vision anticipates the installed capacity of 4 GW electrolysers and a series of milestones in the industrial, mobility and electric sectors, for whom it will be necessary to mobilise investments estimated at €8.9 billion from 2020-2030.
However, it is expected that for the year 2024, as an intermediate milestone before reaching the 4 GW objective, it will be possible to have electrolysers with installed power between 300 and 600 MW.
- Renewable hydrogen is a vital sustainable solution to decarbonise the economy
- Versatility as a vector, the power of renewable hydrogen is prioritised to store energy and/or decarbonise the heating sector.
- Solutions based on renewable hydrogen for islands and isolated energy systems.
- Any new regulatory framework must recognise the power of renewable hydrogen.
- Creation of “hydrogen valleys or clusters”.
The role of renewable energies
Renewable energies and energy efficiency will play important roles. 30% of the global installed capacity for 2040 will be in electricity and biogas, which will significantly increase global demand for energy.
If energy demand has strong growth, and faced with the urgent need to reduce emissions to combat climate change, a clean, reliable and smart energy model must be developed. To do so, green electrification of the economy must be encouraged.
Thanks to innovation and technological progress, this transition is viable.
Global installed capacity (GW)
Global installed capacity - by technology (%) - 2016
Global installed capacity - by technology (%) - 2040
Fuentes: World Energy Outlook, IEA Publishing, Lazard’s Levelized Cost of Energy Analysis 2020
Sustainable Development Goals
2015 offers an unprecedented opportunity to direct the world on the path towards sustainable development.
The process of the agenda for development and the process on climate change after 2015 mutually strengthen one another, as their end objectives aim to eradicate poverty, improve the living conditions of the population and achieve the rapid transition to an economy low in carbon emissions and resilient against climate change; if they are implemented in conjunction, they may promote prosperity and security for current and future generations.
Energy for a
Nature, and particularly human nature, is designed for growth. We cannot change that. But in contrast to how we have done so over the last two centuries (since the beginning of the Industrial Revolution), we are now capable of returning to the natural model, one in which growth is circular and sustainable, allowing us to progressively abandon the production and disposal model.
To do this, we must decarbonise the energy model and utilise both available resources—natural and urban resources, waste from industry—as well as advances originating from the current technological revolution, so we can work within a model of sustainable development.
The world is crying out for a change, and we have the technologies, models and means to make it happen.
Excited and motivated by this change, we envision a different future based on renewable generation, and we want to change people’s outlooks regarding the use, utilisation and management of energy.
We are the agents of change that all organisations need to develop their energy models, because together, we can save the planet and improve the lives of all those who surround us.