The IEA energy statistics underestimates the role of wind and solar in the world’s energy mix. The counting method must be changed to help policymakers and investors to understand how near the world is to a transition to an energy supply dominated by solar and wind power. Wind and solar energy have for decades experienced … Continue reading Wind energy and solar power produce three times more energy than IEA admits
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Worldwide renewable energy electricity is surging
Spurred by deep cost reductions and favorable government policies, renewable energy sources have for the first time surpassed coal as the largest source of installed power capacity in the world, according to a 25 October report by the International Energy Agency (IEA). Countries installed a record 153 GW of renewable power in 2015, which accounted … Continue reading Worldwide renewable energy electricity is surging
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IEA predicts strong renewables growth globally, falling costs
The International Energy Agency (IEA) expects renewables to be the largest source of new power capacity additions globally through 2020, thanks to continued reductions in costs for wind and solar energy. IEA’s Renewable Energy Medium-Term Market Report forecasts the global addition of approximately 825,000 megawatts (MW) of renewable energy capacity by 2020, a 42 percent … Continue reading IEA predicts strong renewables growth globally, falling costs
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IEA report shows global transition to renewables is underway
The latest report from the International Energy Agency shows the global transition to renewable energy and wind power is in motion, says Giles Dickson, chief executive officer of the European Wind Energy Association. The report – World Energy Outlook 2015 – highlights that renewable energy installations accounted for almost half of the world’s new power … Continue reading IEA report shows global transition to renewables is underway
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Climate pledges for COP21 slow energy sector emissions growth dramatically
The International Energy Agency (IEA) released on Wednesday a World Energy Outlook (WEO) special briefing that outlines the energy sector implications of national climate pledges submitted for the upcoming climate summit in Paris (COP21). The briefing finds that if all countries meet goals outlined in their submitted pledges, known as Intended Nationally Determined Contributions (INDC), … Continue reading Climate pledges for COP21 slow energy sector emissions growth dramatically
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Renewables to lead world power market growth to 2020
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the IEA said Friday in an annual market report. Pointing to the great promise renewables hold for affordably mitigating climate change and enhancing energy security, the report warns governments … Continue reading Renewables to lead world power market growth to 2020
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Fossil Fuels Losing Cost Advantage Over Solar Energy, Wind Power, IEA Says
The cost of producing electricity from renewable sources such as solar and wind has dropped significantly over the past five years, narrowing the gap with power generated from fossil fuels and nuclear reactors, according to the International Energy Agency. “The costs of renewable technologies — in particular solar photovoltaic — have declined significantly over the past … Continue reading Fossil Fuels Losing Cost Advantage Over Solar Energy, Wind Power, IEA Says
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Clean-energy innovation essential to meeting climate goals
A concerted push for clean-energy innovation is the only way the world can meet its climate goals, the International Energy Agency said as it released its flagship energy technology report. The report, Energy Technology Perspectives 2015 (ETP 2015), shows that despite a few recent success stories, clean-energy progress is falling well short of the … Continue reading Clean-energy innovation essential to meeting climate goals
Continue readingFive key actions to achieve a low-carbon energy sector
The International Energy Agency (IEA) laid out five actions needed over the short- and long-term to achieve a low-carbon energy sector, and proposed concrete options for their implementation in the international climate negotiations to be held next month in Lima, Peru. “Energy accounts for two-thirds of global greenhouse gas emissions, so any climate agreement that … Continue reading Five key actions to achieve a low-carbon energy sector
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IEA review of Morocco’s energy policies
Wind energy should reach 700 MW capacity this year, and next year the first concentrated solar power (CSP) plant rated at 160 MW should come on stream. Morocco’s energy strategy is very much on target, with notable advances in wind and solar power and on fuel subsidy reform, the International Energy Agency (IEA) … Continue reading IEA review of Morocco’s energy policies
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Energy sector is key to powering prosperity in sub-Saharan Africa
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub?Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series. More than 620 million people in the region (two-thirds of the population) live without electricity, and nearly 730 … Continue reading Energy sector is key to powering prosperity in sub-Saharan Africa
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Global energy efficiency market ‘an invisible powerhouse’ worth at least USD 310 billion per year
The global energy efficiency market is worth at least USD 310 billion a year and growing, according to a new report from the International Energy Agency that confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market segment, with innovative new … Continue reading Global energy efficiency market ‘an invisible powerhouse’ worth at least USD 310 billion per year
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How solar energy, concentrated solar power (CSP) and photovoltaic, could be the largest source of electricity by mid-century
The International Energy Agency (IEA) reports that PV could provide 16% of the world’s electricity and concentrated solar power (CSP) could provide another 11%. The report expects PV to dominate solar up until 2030 when the addition of storage to CSP will see it close the gap. The sun could be the world’s largest source … Continue reading How solar energy, concentrated solar power (CSP) and photovoltaic, could be the largest source of electricity by mid-century
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IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
According to the roadmap, it could hit 1,000 GW of concentrated solar power (CSP) capacity, up from 4 GW today by 2050. Since 2010, generation of solar thermal electricity (STE) from concentrated solar power (CSP) plants has grown strongly worldwide. Concentrating solar plants (CSP) generate solar thermal electricity (STE) while producing no greenhouse … Continue reading IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
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IEA Wind Power Reports Growth in Generation in 2013
According the annual report of IEA Wind, installed wind power capacity in 2013 in its member countries increased by 12% while electricity generation from wind grew by 21% compared to 2012 levels. The IEA Wind’s annual report presents the cooperative research, development and deployment (R, D&D) efforts of IEA Wind’s member governments and organizations, which … Continue reading IEA Wind Power Reports Growth in Generation in 2013
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International Energy Agency (IEA): Renewable Energy Market Report
The International Energy Agency (IEA) today released its third annual Medium-Term Renewable Energy Market Report. The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report. According to the report, power generation from … Continue reading International Energy Agency (IEA): Renewable Energy Market Report
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Opportunities and investment for energy storage technologies
Energy storage technologies – spanning everything from electric water heaters to pumped hydro – are valuable components in most energy systems and could be an important tool for achieving a low-carbon future. In a new report released today, the IEA estimates that China, India, the European Union and the United States alone should invest at … Continue reading Opportunities and investment for energy storage technologies
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“Fossil fuel subsidies distort the market”
Executive Director of the International Energy Agency, Maria van der Hoeven, talked to Sarah Azau at EWEA 2014 Annual Event in Barcelona about power markets, subsidies and the Crimea. Will the Crimean situation make a difference to our relationship with Russian gas? Or are we simply too dependent on it? We are quite dependent on … Continue reading “Fossil fuel subsidies distort the market”
Continue readingIEA executive director: “We welcome a renewables target for 2030”
The International Energy Agency (IEA) supports an EU renewable energy target for 2030 – this would reduce policy risk and so “bring down costs and put us on the path we want to be on”, stated Maria van der Hoeven, executive director of the IEA today at the European Wind Energy Association’s 2014 annual event … Continue reading IEA executive director: “We welcome a renewables target for 2030”
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Any country can reach high shares of wind energy, solar power cost-effectively, study shows
Wind power and solar photovoltaics (PV) are crucial to meeting future energy needs while decarbonising the power sector. Deployment of both technologies has expanded rapidly in recent years – one of the few bright spots in an otherwise-bleak picture of clean energy progress – and IEA scenarios indicate that this trend will continue for decades. … Continue reading Any country can reach high shares of wind energy, solar power cost-effectively, study shows
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