26 Nov '14, 3pm

A Big Change in How the IEA Views Renewables

A Big Change in How the IEA Views Renewables

The future is tough to predict. The International Energy Agency recently came out with its World Energy Outlook 2014, a comprehensive analysis of global energy demand and the underlying supply mix through 2040. Along with BP’s annual forecast, it is one of the most authoritative documents of its kind. But even the IEA can miss a trend. In the 2014 report, the IEA predicts that the share of renewables will grow from 21% in 2012 to 33% by 33%. Renewables, including hydropower, nearly triple by 2040 and surpass both natural gas and coal as the top source of electricity by 2035. By 2050, solar alone could become the largest source of power by 2050. In the executive summary of the World Energy Outlook 2004, the words “solar” and “PV” do not appear. The share of “other” renewables, i.e. everything by hydropower, will triple, but only from 2% to 6% by 2030. Hydropower is around 1...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2014/11...

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