in News Departments > New & Noteworthy
print the content item

The International Energy Agency (IEA) has released "Deploying Renewables: Principles for Effective Policies," which estimates nearly 50% of global electricity supplies will have to come from renewable energy sources if carbon dioxide emissions are to be cut in half by 2050.

In the study, the IEA carried out a comparative analysis of the performance of the various renewables promotion policies around the world. Thirty-five countries, including the U.S., were included in the study.

In 2005, these countries accounted for 80% of total global commercial renewable electricity generation, 77% of commercial renewable heating/cooling (excluding the use of traditional biomass) and 98% of renewable transport fuel production.

The report shows that there are still significant barriers that hamper a swift expansion and increase the costs of accelerating renewables' transition into the mainstream. If these were removed, it "could allow the great potential of renewables to be exploited much more rapidly and to a much larger extent," says Nobuo Tanaka, executive director of the IEA.

"Setting a carbon price is not enough," Tanaka explains. "To foster a smooth and efficient transition of renewables towards mass market integration, renewable energy policies should be designed around a set of fundamental principles, inserted into predictable, transparent and stable policy frameworks, and implemented in an integrated approach."

The report recommends removal of non-economic barriers, such as administrative hurdles, obstacles to grid access, poor electricity market design, lack of information and training, and the tackling of social acceptance issues.

It also encourages the development and implementation of appropriate incentives guaranteeing a specific level of support to different technologies based on their degree of technology maturity in order to exploit the significant potential of the large basket of renewable energy technologies over time.

For more information, visit iea.org

SOURCE: International Energy Agency

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934