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Asia Poised to Become a Dominant Market for Wind Energy: IRENA Report

According to the "Future of Wind" published at China Wind Power in Beijing, global wind power could rise ten-fold reaching over 6,000 GW by 2050

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Wind Energy
Low-cost renewable energy technologies like Wind Energy are readily-available today, representing the most effective and immediate solution for reducing carbon emissions. Pixabay

Asia could grow its share of installed capacity for onshore wind energy from 230 Gigawatt (GW) in 2018 to over 2,600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA) said on Monday.

By that time, the region would become a global leader in wind, accounting for more than 50 per cent of all onshore and over 60 per cent of all offshore wind capacity installed globally.

China would take the lead with 2,525 GW of installed onshore and offshore wind capacity by 2050 within Asia, followed by India (443 GW), Korea (78 GW) and South-East Asia (16 GW).

According to the “Future of Wind” published at China Wind Power in Beijing, global wind power could rise ten-fold reaching over 6,000 GW by 2050.

By mid-century, wind could cover one-third of global power needs and — combined with electrification — deliver a quarter of the energy-related carbon emission reductions needed to meet the Paris climate targets.

To reach this objective, onshore and offshore wind capacity will need to increase four-fold and ten-fold respectively every year compared to today.

“With renewables, it’s possible to achieve a climate-safe future,” said IRENA’s Director-General Francesco La Camera.

“Low-cost renewable energy technologies like wind power are readily-available today, representing the most effective and immediate solution for reducing carbon emissions.

Wind Energy
With renewable Wind Energy, its possible to achieve a climate-safe future. Pixabay

“Our roadmap for a global energy transformation to 2050 shows that it is technically and economically feasible to ensure a climate-safe, sustainable energy future. Unlocking global wind energy potential will be particularly important. In fact, wind energy could be the largest single source of power generation by mid-century under this path. This would not only enable us to meet climate goals, but it would also boost economic growth and create jobs, thereby accelerating sustainable development,” added Camera.

The global wind industry could become a veritable job motor, employing over 3.7 million people by 2030 and more than six million people by 2050, IRENA’s report finds.

These figures are respectively nearly three times higher and five times higher than the slightly over one million jobs in 2018.

Sound industrial and labour policies that build upon and strengthen domestic supply chains can enable income and employment growth by leveraging existing economic activities in support of wind industry development.

But to accelerate the growth of global wind power over the coming decades, scaling up investments will be key.

On average, global annual investment in onshore wind must increase from today $67 billion to $211 billion in 2050.

Wind Energy
To accelerate the growth of global Wind Energy over the coming decades, scaling up investments will be key. Pixabay

For offshore wind, global average annual investments would need to increase from $19 billion to $100 billion in 2050.

Asia would account for more than 50 per cent of global onshore wind power installations by 2050, followed by North America (23 per cent) and Europe (10 per cent).

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For offshore, Asia would cover more than 60 per cent of global installations, followed by Europe (22 per cent) and North America (16 per cent). (IANS)

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Companies Developing Advanced AI Should be Regulated: Elon Musk

Elon Musk calls to regulate all companies developing AI, including Tesla:

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Elon Musk
Elon Musk has called for regulating all companies which are working in the field of developing advanced Artificial Intelligence. Wikimedia Commons

Elon Musk has called for regulating all companies, including Tesla, the technology giant, which are working in the field of developing advanced Artificial Intelligence (AI).

Responding to an article about independent research lab OpenAI by MIT Technology Review, Musk tweeted: “OpenAI should be more open in my opinion. All orgs developing advanced AI should be regulated, including Tesla.”

According to the report on Tuesday, OpenAI which was co-founded by Musk has shifted from its mission of developing AI safely into becoming a company that is obsessed with image and driven to raise more money.

Musk, who is a staunch critic of AI, stepped down from OpenAI’s board in 2018.

San Francisco-based OpenAI — now in the lap of Microsoft CEO Satya Nadella — is aiming to extend the benefits of Artificial General Intelligence (AGI) to humanity.

For OpenAI, a safe and beneficial AGI means highly autonomous systems that outperform humans at most economically valuable work which is the next step for AI with “widely distributed economic benefits”.

Elon Musk
Elon Musk, who is a staunch critic of AI, stepped down from OpenAI’s board in 2018. Wikimedia Commons

The start-up with 100 people on board is building free software for training, benchmarking and experimenting with AI.

Nadella who sees a greater role of AI for humanity will invest $1 billion in the next few years in OpenAI to support it build “democratised AGI” models.

OpenAI would develop a hardware and software platform within Microsoft Azure Cloud platform which will scale to AGI. The start-up would also jointly develop new Azure AI supercomputing technologies, further extending Microsoft Azure’s capabilities in large-scale AI systems.

OpenAI’s investors include Reid Hoffman’s charitable foundation and Khosla Ventures. The start-up has created “MuseNet” — a deep neural network that can generate four-minute musical compositions with 10 different instruments, and can combine styles from country to Mozart to the Beatles.

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It also created a bot which beat the world as top professionals at 1v1 matches of “Dota 2” competition. The bot learned the game from scratch by self-play, and does not use imitation learning or tree search.

“This is a step towards building AI systems which accomplish well-defined goals in messy, complicated situations involving real humans,” said OpenAI. (IANS)