International Energy Agency

Thu, 2014-10-23 10:00Chris Rose
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Wind Power Could Supply 25% of Global Electricity By 2050 — If Fossil Fuel Industry Doesn't Get in the Way

wind power, clean energy

Wind power has become so successful that it could provide 25 to 30 per cent of global electricity supply by mid-century if vested interests don’t get in the way, according to a new report published Tuesday.

The report — Global Wind Energy Outlook 2014 — said that commercial wind power installations in more than 90 countries had a total installed capacity of 318 gigawatts (GW) at the end of 2013, providing about three per cent of global electricity supply.

By 2030, the report said, wind power could reach 2,000 GW, supply up to 17 to 19 per cent of global electricity, create over two million new jobs and reduce CO2 emissions by more than three billion tonnes per year.

The report published by the Global Wind Energy Council and Greenpeace International noted that while emissions-free wind power continues to play a growing role in international electricity supply, political, economic and institutional inertia is hampering attempts to deal with the consequences of climate change.

Wed, 2014-10-01 13:00Chris Rose
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Tide Turning Against Global Coal Industry: New Report

Coal plant

Coal, the fossil fuel that largely sparked the industrial revolution, may be facing the beginning of the end — at least in terms of generating electricity.

There are increasing signs of the demise of the world’s dirtiest fossil fuel, from a global oversupply to plummeting prices to China starting to clean up its polluted air.

Last week, the Carbon Tracker Initiative published an analysis — Carbon Supply Cost Curves: Evaluating Financial Risk to Coal Capital Expenditures — identifying major financial risks for investors in coal producers around the world.

Saying the demand for thermal coal in China, the world’s largest emitter of toxic greenhouse gases, could peak as early as 2016, the analysis also highlights $112 billion of future coal mine expansion and development that is excess to requirements under lower demand forecasts.

Wed, 2014-10-01 09:56Mike G
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Solar Could Be Our Biggest Source Of Energy By 2050, If Politicians Make it Happen

The sun could be our biggest single source of energy and prevent 6 bilion tonnes of climate-warming CO2 pollution by 2050, according to two new reports.

Issued by the International Energy Agency, the two “Technology Roadmap” reports conclude that solar photovoltaic (PV) systems could supply 16% of the world's electricity needs and concentrating solar power (CSP) plants could provide another 11% by the mid-point of the 21st century.

Underscoring these findings, IEA Executive Director Maria van der Hoeven says, “The rapid cost decrease of photovoltaic modules and systems in the last few years has opened new perspectives for using solar energy as a major source of electricity in the coming years and decades.”

To get there, however, the reports warn that “clear, credible and consistent signals from policy makers” must be provided in order to inspire confidence in investors, as both PV and solar thermal electricity technologies like CSP require big up-front capital expenditures.

“Lowering the cost of capital is thus of primary importance for achieving the vision in these roadmaps,” Van der Hoeven adds.

Fri, 2014-06-13 08:25Sharon Kelly
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Over $48 Trillion Energy Investment Needed by 2035, IEA Report Concludes

It will cost $48 trillion to keep up with rising energy demand worldwide over the next two decades, a newly released report by the International Energy Agency concludes.

That's a massive jump from the $16 trillion predicted the last time the report was fully updated in 2003.

“The headline numbers revealed by this analysis are almost too large to register,” the IEA World Energy Investment Outlook special report notes.

The costs of supplying the world with energy, the report finds, have already more than doubled since 2000. And the costs of fossil fuels are projected to rise, even without accounting for any increase in demand. By 2035, the world's energy will require a $2 trillion investment every year. The vast majority of the $1.6 trillion spent on energy last year – a total of $1.1 trillion – went to extracting fossil fuels, oil refining and building power plants that burn fossil fuels.

Over the next two decades, the world would need to invest over $20 trillion to replace production from aging, declining oil and gas fields.

To put that $20 trillion into perspective, the Iraq war cost the U.S. government $1 trillion over its nine years, according to White House estimates. That means the financial investment needed by fossil fuel projects over the next two decades would equal the cost to U.S. taxpayers of twenty Iraq wars.

An alternate plan, aimed at limiting climate change to 2 degrees Celsius, would add another $250 billion to the average yearly price tag, the IEA adds, and require a focus on energy efficiency and renewable energy sources and reduced spending on oil, gas and coal.

But this approach could ultimately be less expensive, because less will need to be spent compensating for the harmful effects of global warming.

Thu, 2014-01-30 18:39Graham Readfearn
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Australian Report Trumpeted By Coal Bosses Does Not Say What They Want You To Think It Says

WHAT follows are some thoughts about coal from a report just published in Australia.

A longer-term concern relates to the environmental impacts of large-scale coal use, especially its climate consequences….

Coal is a carbon-intensive fuel and the environmental consequences of its use can be significant, especially if it is used inefficiently and without effective emissions and waste control technologies. Such environmental consequences include emissions of pollutants such as sulphur and nitrogen oxides, particulates, mercury, and carbon dioxide, the main greenhouse gas. Indeed coal-sourced pollution remains the largest source of greenhouse gas emissions from fossil fuel combustion. Hence most forecasts show a very wide range of future coal demand, based on differing degrees of environmental policy implementation.

Now who might have written that?  An environmental campaigner?  An anti-coal activist in a less bombastic mood? Maybe they’re the words of an advocate for action on climate change?

Actually, these are the views of Ian Cronshaw, a long-standing advisor to the International Energy Agency who was commissioned by the Energy Policy Institute of Australia to write a report about coal and its future economic outlook.

The Energy Policy Institute of Australia’s board includes a number of figures who have spent their careers in and around the fossil fuel industry.

Mon, 2013-11-18 05:00Sharon Kelly
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George W. Bush on Keystone XL: "Build the Damn Thing"

Make private companies happy. Don’t worry about the environment. Stop fretting about long-term sustainability. Forget renewables, property concerns, the safety of our water and air. Make private companies happy.

This was the 43rd president's message to the current administration at the DUG East conference held by the shale gas industry on Thursday.

With characteristic bluntness, George W. Bush spoke his mind on energy policy to several thousand oil and gas executives gathered in Pittsburgh at an exclusive luncheon on Wednesday.

“I think the goal of the country ought to be 'how do we grow the private sector?'” Mr. Bush said. “That ought to be the laser-focus of any administration. And therefore, once that’s the goal, an issue like Keystone pipeline becomes a no-brainer.”

“If private sector growth is the goal and Keystone pipeline creates 20,000 new private sector jobs, build the damn thing,” Mr. Bush said, prompting a burst of applause from the more than 4,000 oil and gas executives attending the conference.

In his candor, Mr. Bush also highlighted the essence of what burns bright but short in the fossil-fuel doctrine.

In emphasizing a get-it-now, don’t-worry-about-the-future approach to energy, he drove home why the Keystone XL pipeline has become such a lightning rod issue. The reason: it is symbolic of the overall short-sightedness of increasing our long-term addiction to oil rather than pushing with urgency toward renewable energy.

Thu, 2011-11-10 13:27Ben Jervey
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Breaking: State Department Delays Keystone XL Decision Until 2013

The State Department announced today that they would “seek additional information” about the Keystone XL pipeline, meaning that they will take another 12 months at least to re-review the proposed pipeline route. This new review will build on (or make up) for the woefully-incompletely Environmental Impact Statement.

Here's the State Department's official language:


…given the concentration of concerns regarding the environmental sensitivities of the current proposed route through the Sand Hills area of Nebraska, the Department has determined it needs to undertake an in-depth assessment of potential alternative routes in Nebraska. …
Among the relevant issues that would be considered are environmental concerns (including climate change), energy security, economic impacts, and foreign policy.

The decision comes in the immediate wake of a massive protest at the White House on Sunday, as roughly 12,000 anti-pipeline activists circled the White House in a “solidarity hug.” The action was the latest in a series of protests and events staged by opponents of the proposed TransCanada pipeline that would funnel tar sands crude from Canada down to the Gulf Coast in Texas, much of it bound for export to other nations.

The decision to delay is a clear testament to the power of public engagement in the political process and good old-fashioned protest. But the battle isn't over yet.

Thu, 2011-02-03 14:42TJ Scolnick
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Oil Industry Spins Subsidies Discussion In Wake of President Obama's State of the Union Address

In his State of the Union address, President Obama urged Congress to stop subsidizing oil companies and set a goal for 80% of electricity generated by 2035 to come from “clean” energy sources. While there is much dispute over some of the technologies included in the “clean” category, the President is proposing some wise investments in genuine cleantech. To pay for low-carbon energy alternatives, the President proposed $302 million for solar energy research and development (up 22 percent); $123 million for wind energy (a 53 percent increase); and $55 million for geothermal energy (up 25 percent).

But fossil fuels subsidies are holding back growth in burgeoning clean energy industries, which face a momumental challenge to compete with entrenched industries that receive far greater government subsidies.

And when it comes to oil subsidies, the President says enough is enough:

“…I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies. I don’t know if you’ve noticed, but they’re doing just fine on their own. So instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s.”

Mon, 2009-11-16 12:54Jim Hoggan
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Climate Denial Industry Costs Us $500 Billion a Year

The International Energy Agency (IEA) has announced in its latest World Energy Outlook that every year of delayed action to address climate change will add $500 Billion to the price tag of saving the planet.

The climate denial industry should foot the bill, since they are responsible for causing the delay.

In the run-up to the Copenhagen climate summit, a growing number of government leaders from around the world - and even high level United Nations representatives - have suggested that an ambitious, legally binding agreement is all but impossible to achieve in Denmark this December.  Some have indicated that it may take six months to a year beyond Copenhagen to cement a global agreement.  Nearly all point the finger at the United States for causing this delay.

But it is not President Obama’s fault, a fact that is difficult for many outside the U.S. to comprehend. Shouldn’t the U.S. president, often considered the “most powerful man in the world,” be able to commit the nation to specific emissions reduction targets and financial contributions to help developing countries deal with climate change?

It is not that simple, though. 

The real blame lies at the feet of the climate denial industry, which has spent the past 20 years working to confuse the U.S. public and lawmakers about climate change. More than any other single factor, the climate denial industry can claim responsibility for the present stalemate in both domestic U.S. and international climate policy debates.

Groups like the Heartland Institute, U.S. Chamber of Commerce, National Association of Manufacturers, American Enterprise Institute and a host of oil and coal industry front groups, including the now-infamous American Coalition for Clean Coal Electricity (ACCCE), have collectively thrown a wrench in the cogs of U.S. climate policy, grinding the nation’s response to climate change to a halt.


Tue, 2008-03-25 16:13Bill Miller
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Global warming threatens millions in teeming South Asia, study finds

About 125 million people could be made homeless by rising sea levels due to a projected four-to-five degrees Celsius increase in global temperature this century.

Research released by Greenpeace said Bangladesh, Pakistan and India have almost 130 million people living in the coastal zone most vulnerable to sea-level rise, erosion and drought.

The study comes at a time of rapid growth throughout South Asia, not only in energy consumption but also population. Not surprisingly, nobody is suggesting cutbacks on either front.

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