Climate Change Challenge

The past few decades were marked with breakthroughs in different fields of human existence: artificial intelligence, augmented reality, virtual reality, anthropomorphic prosthesis, internet of things, digitalization of all, super connectivity, Internet, blockchain, big data and data science. All these technologies strive to improve human well-being. All our efforts were concentrated around improvement of things or processes that were artificially created by humans and for humans. Not a surprise that technology boom needs more powerful energy sources, having a great and unfortunately unpleasant impact on environment.

Global annual average temperature (as calculated from instrumental records over both land and oceans) has increased by more than 1.2°F (0.65°C) for the period 1986–2016 relative to 1901–1960; the linear regression change over the entire period from 1901–2016 is 1.8°F (1.0°C)

Global climate is projected to continue to change over this century and beyond. The magnitude of climate change beyond the next few decades will depend primarily on the amount of greenhouse (heat-trapping) gases emitted globally and on the remaining uncertainty in the sensitivity of Earth’s climate to those emissions (very high confidence). With significant reductions in the emissions of greenhouse gases, the global annually averaged temperature rise could be limited to 3.6°F (2°C) or less. Without major reductions in these emissions, the increase in annual average global temperatures relative to preindustrial times could reach 9°F (5°C) or more by the end of this century.

Around two-thirds of GHG emissions stem from energy production and use, which puts the energy sector at the core of efforts to combat climate change. The largest CO2-emitting sectors are electricity generation and industry, together responsible for about 65% of all energy-related CO2 emissions today.

The remaining 35% comes from transport, buildings and district heating (IRENA, 2017c).

The energy sector needs a total overhaul, with a transformation from fossil- based to zero-carbon energy production by the second half of this century. Today, 84% of energy use comes from fossil fuels, with 16% derived from renewables (IRENA, 2017c). Analysis by the International Renewable Energy Agency (IRENA) shows how, through accelerated uptake, 65% of energy use could come from renewables by 2050.

The transformation to a sustainable energy system with high shares of renewables would meet climate goals and pay for itself.

Solar power is the new alternative source of renewable energy, which gives us an effective tool to improve the state of the environment and to create a better world for future generations.

The business of Hyperion Fund is focused on constructing, operating and maintaining renewable energy facilities across emerging markets to solve climate change challenge starting TODAY.