With renewable energy sources ramping fast, it is no surprise that even the generally conservative International Energy Agency believes that solar, wind and the likes will the primary electricity source globally by 2030.
The World Energy Outlook from the International Energy Agency is a key publication when it comes to energy and climate issues as it presents key indicators, facts and trends from renowned experts.
This year the IEA outlined the importance of ending fossil fuels subsidies – which amounted to $544 billion / 400€ billion last year, five times more than for renewables – to unleash more of the potential of energy efficiency.
Ending these subsidies globally is thus a vital necessity as current greenhouse gases emissions and carbon intensity would propel us in a warming of 3.6°C, ie. the end of our civilization.
It’s an habit, the prestigious International Energy Agency releases each November its famous flagship publication, the World Energy Outlook. Let’s review here the main findings and reactions.
To the IEA , an important effort will have to be done as ” No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal “
This means that we are indeed going to go for low carbon alternatives and that our binge of fossil fuels will have to stop VERY quickly.
According to the IEA’s annual report, the situation is getting bleaker and bleaker. Confirming that we have five years to start decreasing our global emissions – cf. my previous post on that very matter – it is also providing several other findings.
As you can sure imagine, several websites published lengthy articles on the very matter. In today’s article we will review the main findings and the most essential parts of the World Energy Outlook 2011.
World leaders will meet again very soon in Durban, South Africa, to discuss about the future of the Kyoto Protocol. It’s time they, we, step up and heed the calls for serious actions.
You may perhaps remember it, the International Energy Agency is banking a lot on carbon capture and storage (CCS). Indeed, the IEA believes that it could account for 15 % of greenhouse gases emissions reductions.
However, CleanTechnica got an interesting article on how this solution fails to deliver. One of the main reasons is that ” globally there are now fewer than half a dozen full-scale CCS projects in operation around the world. ”
I believe we should stop banking on this technology. I previously wrote that it won’t solve the climate change problem as it is is too risky, too expansive, too little and… too late.
Like every year at this period, the International Energy Agency published this week its latest World Energy Outlook (WEO). This year it is focusing on how country members can reach the goal they committed to in Copenhagen.
Indeed limiting the rise in temperatures to 2°C is an important goal that requires a plan of action. The IEA also focused on the two Asian giants, India and China and on the tremendous potential of renewable energy sources.
As you can imagine, this report is full of interesting facts and figures. As I browsed various websites I am able to propose you a selection of the main findings.
We have already seen that some believe that peak oil may have already occurred last year. Now some IEA officials stated unofficially that oil production forecasts are completely unrealistic. As The Guardian noted : “The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the IEA … Read more
The International Energy Agency published today it’s annual World Energy Outlook. The 2009 version is even more urging action on climate change than the previous version.
As Reuters noted in its article : ” The world will have to spend an extra $500 billion to cut carbon emissions for each year it delays implementing a major assault on global warming. “
This huge amount of money should urge our leaders meeting next month in Copenhagen to prepare the future of the Kyoto Protocol to act NOW on climate change.
The International Energy Agency published today its famous World Energy Outlook. This edition stresses even more than last year’s version the importance of energy conservation and efficiency.
With the booming energy demand from developing countries, energy saving mechanisms have to become more important if we want to avoid massive energy scarcity and climate change.
As oil production fails to answer the rising demand, alternatives – from coal to nuclear and renewables – will play a more important role in the global energy market.