PLEA Network

9 December 2015, Energy Post, New: renewables can now play important role in industrial development. Thanks to massive cost reduction, renewable energy can now be used by developing countries in their industrial growth strategies, which was unthinkable until recently, writes John Mathews of Macquarie University in Australia in a new publication from UNIDO, “Promoting Climate Resilient Industry“. Mathews notes that renewables can help countries expand manufacturing and create jobs, reduce local pollution, increase energy security and reduce import costs from fossil fuels. Oh, yes – and they reduce greenhouse gas emissions. The necessity to align industrial development strategies with climate change mitigation provides a chance to bring a fresh perspective to both issues. Energy has not been a central concern in industrial development strategies in the past. This was for the simple reason that it was always assumed that countries would industrialize using fossil fuels – in the same way that Western countries had relied on fossil fuels in the 19th and early 20th centuries, followed by East Asian countries as they likewise depended on coal, oil and gas in the second half of the 20th century. Renewable sources are now within reach of almost all industrializing countries, or will be so within a few short years. This changes everything. But a coal-driven industrial pathway does not look so attractive in the 21st century, especially when being pursued at the scale envisaged by China, India and other industrializing giants. One fresh perspective is that renewable energy sources can now be factored into development strategies. This was not even feasible just a few years ago because of concerns that costs were greater than those associated with consuming fossil fuels. But as China and other emerging giants have placed more and more emphasis on renewable sources – with a focus on water, wind and sun – so they have driven down the costs, with global repercussions. Renewable sources are now within reach of almost all industrializing countries, or will be so within a few short years. This changes everything. Read More here