Development of hydropower projects typically takes 10-15 years from announcement to commercial operation. But with the need to take urgent action on climate change, is there a way to make this process more efficient? This session will look at global and local initiatives, such as the work of the Planning for Climate Commission, to accelerate the realisation of hydropower and other renewable energy projects, including streamlining the permitting process.
To keep global warming to below 1.5°C, at least 2,500 GW of hydropower capacity is needed, according to modelling by the International Energy Agency and the International Renewable Energy Agency. This is around twice today’s installed capacity.
Building this amount will require approval by governments and buy-in from communities. However, in many countries and jurisdictions, the approval and permitting process is very lengthy. With the urgency of the climate crisis, can we afford to wait?