Solar booms and surging investment: 5 takeaways from the IEA’s latest renewables report

October 24, 2019 by  
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All you need to know about the IEA’s projections for the global renewables market for the next five years.

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Solar booms and surging investment: 5 takeaways from the IEA’s latest renewables report

Global renewable energy is projected to rise by 50% in the next 5 years, IEA finds

October 22, 2019 by  
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The International Energy Agency (IEA) recently released its Renewables 2019 market forecast, detailing analysis on renewable energy and technologies. In the report, industry trends show that the world’s total renewable-based power capacity will grow by 50% in 5 years, increasing by 1.2 terawatts. Solar photovoltaic (PV) systems shall account for 60% of that increase.   Established in 1974, under the Organization for Economic Development and Cooperation (OECD), the IEA is an intergovernmental organization that acts as a policy advisor to its 30 member countries on matters concerning reliable, affordable and clean energy . It was formed following the 1973 – 1974 oil crisis to help members respond to energy supply disruptions. Since then, the IEA’s mandate has expanded to include the promotion of sound energy policy and the fostering of multinational energy cooperation. Today, the IEA’s mission focuses on energy security, economic development, environmental awareness and worldwide engagement. Related:  Renewable energy surpasses fossil fuels in the UK Because of its eco-conscious stance for efficiency and for reduced impact on the environment , the IEA has been a strong proponent for renewable energy. Renewable energy, after all, helps in mitigating climate change and creating a more sustainable energy future. Solar , wind and hydropower projects have been rolling out at their fastest rate in recent years. And, they are projected to experience increased growth rates in years to come. “This is a pivotal time for renewable energy,” says Dr. Fatih Birol, the IEA’s Executive Director. “Technologies such as solar photovoltaics (PV) and wind are at the heart of transformations taking place across the global energy system. Their increasing deployment is crucial for efforts to tackle greenhouse gas emissions, reduce air pollution and expand energy access.” Three major challenges face the renewable energy sector, which are “policy and regulatory uncertainty, high investment risks and system integration of wind and solar PV,” the IEA report states. “Important policy and tariff reforms are needed to ensure that distributed PV’s growth is sustainable .” Cost reductions coupled with government policy efforts can drive growth in the renewable energy market, all of which can be fully aligned with the Paris Agreement’s goal of limiting global temperature rise to 1.5 degrees Celsius. The IEA’s forecast of the changing energy landscape means that utilities and infrastructure will likely need to adapt quickly, too. “Renewables are already the world’s second largest source of electricity ,” adds Birol. “But their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals.” Via Reuters Image via Oimheidi

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Global renewable energy is projected to rise by 50% in the next 5 years, IEA finds

10 things you need to know from the World Energy Outlook 2017

November 15, 2017 by  
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The landmark IEA report looks at China’s rise as a green leader and much more.

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10 things you need to know from the World Energy Outlook 2017

The world is on target to get 26 percent of energy from renewables by 2020

October 8, 2015 by  
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Renewable energy is growing! With the advent of more affordable technology and increased political pressure on clean sources of energy, it’s no surprise to learn that renewable energy is on the rise on a global scale. A new report projects that, by the year 2020, some 26 percent of the world’s energy will come from renewable sources. Considering that just a few decades ago, there was very little renewable energy in play, this will be a landmark achievement when the time comes. Powering over one-quarter of the Earth with renewable energy sources demonstrates a rate of growth unprecedented in other energy industries, and inspires a lot of hope for the decades to come. This news is, in very technical terms, incredibly darn awesome. Read the rest of The world is on target to get 26 percent of energy from renewables by 2020

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The world is on target to get 26 percent of energy from renewables by 2020

IEA Report States Clean Energy Uptake is Too Slow to Calm Global Warming

April 17, 2013 by  
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Photo via Shutterstock Despite significant gains in both large scale solar and wind energy throughout the globe , a new report released by the International Energy Agency (IEA) states that the rapid uptake of renewables is not enough to stop global warming . The goal of keeping global temperatures from rising above two degrees celsius – considered by scientists to be crucial to maintaining some kind of normality – is still a long way off, because most of the world’s energy is still derived from coal. Read the rest of IEA Report States Clean Energy Uptake is Too Slow to Calm Global Warming Permalink | Add to del.icio.us | digg Post tags: “solar energy” , biofuel , carbon capture and storage , ccs , Climate Change , coal , dirty energy , Environment , global warming , IEA , International Energy Agency , News , nuclear , renewable energy , two degrees , wind energy        

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IEA Report States Clean Energy Uptake is Too Slow to Calm Global Warming

Record-High CO2 Levels a Bad Sign for Global Climate Goals

May 31, 2011 by  
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CO2 emissions from energy production in 2010 were the highest in history following a recessionary dip the year before, the International Energy Agency (IEA) said in a stark announcement.

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Record-High CO2 Levels a Bad Sign for Global Climate Goals

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