IEA’s an annual progress report was presented to ministers and representatives of nations that together account for four-fifths of global energy demand.
The report highlighted the rapid progress made in some renewable technologies, notably the solar panels easily installed by households and businesses (solar PV) and in onshore wind technologies.
In fact, 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. This serves as evidence that rapid technology change is possible.
Unfortunately, however, the report concludes that most clean energy technologies are not on track to make their required contribution to reducing carbon dioxide (CO2) emissions and thereby provide a more secure energy system.
The report, which Ambassador Jones presented in London, urges aggressive policy action to take full advantage of the benefits offered by clean energy technologies.
In sounding the alarm over the report’s findings, Ambassador Jones stressed the positive role the CEM can play in improving the situation.
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.