Wednesday, April 6, 2011

IEA Releases Clean Energy Progress Report

The International Energy Agency on Wednesday released its first Clean Energy Progress Report, which assesses global deployment of clean energy technologies and provides recommendations to countries on future action and spending.

The report was presented on 6 April in Abu Dhabi at the second Clean Energy Ministerial meeting. The report finds that while impressive progress has been made in developing clean energy technologies in recent years, the success stories are being overshadowed by surging demand for fossil fuels, which are outstripping deployment of clean energy technologies. Coal has met 47% of the global new electricity demand over the past decade, eclipsing clean energy efforts made over the same period of time, which include improved implementation of energy efficiency measures and rapid growth in the use of renewable energy sources.

In order to change this status quo, the IEA argues that more aggressive clean energy policies are required, including the removal of fossil fuel subsidies and the implementation of transparent, predictable and adaptive incentives for cleaner energy options.

Key findings

 Thanks to favourable policy support, solar PV and windpower are achieving strong growth. However, achieving sustainable energy goals will require a doubling of all renewable energy use by 2020. There are also signs that policy support is weakening due to government austerity plans. Instead of eliminating successful policies, governments need to put in place dynamic schemes that respond to technology markets.

 For the past decade, coal has been the fastest‐growing global energy source, meeting 47% of new electricity demand. Extensive deployment of CCS is critical to achieve climate change goals: around 100 large‐scale projects are needed by 2020, but countries must accelerate their policy and funding support for the large‐scale CCS demonstrations.

Biofuels have shown steady growth, but still only represent 3% of global road transport fuel consumption. A sound policy framework is required to ensure the sustainable growth of biofuel production by ten‐fold to reach climate change targets in 2050. Commercialisation of advanced, sustainable biofuels will be particularly critical to meet targets, and will require significant expansion of production capacity.

Electric vehicles are poised to take off. Major economies have announced targets that together would reach about 7 million vehicle sales per year by 2020. If achieved, this will result in over 20 million electric vehicles on the road by that year, taking into account all sales over the next 9 years. However, this will only account for about 2% of light‐duty vehicle stocks worldwide; continued strong growth after 2020 will be important to ensure market transformation. Fuel economy of conventional light‐duty vehicles has also been improving recently, but will need to improve faster to achieve a global target of 50% improvement by 2030 compared to 2005 levels.

http://www.iea.org/press/pressdetail.asp?PRESS_REL_ID=410

1 comment:

Unknown said...

To really use the energy created by these solar panels, the electricity is injected into the electricity grid utilizing inverters or stored in a battery to be utilized when needed.

------------------------------------