Limited Global Progress on Renewable Energy: IEA Report
May 2, 2012
The International Energy Agency (IEA) on April 25 released an annual progress report highlighting the rapid progress made in some renewable energy technologies. The report, Tracking Clean Energy Progress, noted the gains are due to solar photovoltaic (PV) panels being easily installed by households and businesses as well as gains in onshore wind technologies. IEA said that onshore wind has seen 27% average annual growth over the past decade, and solar PV has grown at 42%, albeit from a small base. Even more impressive is the 75% reduction in system costs for solar PV in as little as three years in some countries.
Photovoltaic and onshore wind were leaders among global renewable energy technologies, according to a new IEA report.
According to the IEA, estimated energy use and carbon dioxide emissions would increase by a third by 2020 and almost double by 2050. The report notes that many technologies with great potential for energy and emissions savings are making halting progress at best. Vehicle fuel-efficiency improvement is slow, and significant untapped energy-efficiency potential remains in the building and industry sectors. The IEA is an autonomous organization that works to ensure reliable, affordable, and clean energy for its 28 member countries and beyond. See the IEA press release and the complete report.