Tag Archives: International Energy Agency

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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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

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A business-as-unusual outlook for oil in the medium term

The recent crash in oil prices will cause the oil market to rebalance in ways that challenge traditional thinking about the responsiveness of supply and demand, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released today. The US light, tight oil (LTO) revolution has made non-OPEC production more responsive … Continue reading A business-as-unusual outlook for oil in the medium term

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Five 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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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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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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IEA Wind 2012 Annual Report Released

The IEA Wind 2012 Annual Report which presents the latest information on wind energy in the twenty member countries of the International Energy Agency (IEA) Wind, the Chinese Wind Energy Association, the European Commission, and the European Wind Energy Association is available to download here. World wind capacity now generates enough electricity to meet more … Continue reading IEA Wind 2012 Annual Report Released

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IEA – International Energy Agency: Wind energy seen generating up to 18% of global power by 2050

New IEA publication details the advances in technology that make increasingly possible a surge from the current 2.6%. Wind power could generate up to 18% of world's electricity by 2050, compared with 2.6% today, the new report IEA Technology Roadmap: Wind energy – 2013 Edition finds. The nearly 300 gigawatts of current wind power worldwide … Continue reading IEA – International Energy Agency: Wind energy seen generating up to 18% of global power by 2050

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Wind energy and other renewables to power 25% of world within 5 years

A new report from the International Energy Agency (IEA), stating that global power generation from hydro, wind, solar and other renewable sources will exceed that of gas and be twice that of nuclear by 2016, is receiving widespread news coverage. Renewable power is expected to increase by 40% in the next five years, according to … Continue reading Wind energy and other renewables to power 25% of world within 5 years

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A shifting global energy balance will include wind energy

Wind power and other renewables will become the become the world’s second-largest source of power generation by 2015 and close in on coal as the primary source by 2035, according to the International Energy Agency (IEA). “A steady increase in hydropower and the rapid expansion of wind and solar power has cemented the position of … Continue reading A shifting global energy balance will include wind energy

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