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Tapping technology’s potential to secure a clean energy future

Tapping technology’s potential to secure a clean energy future. Ms. Maria van der Hoeven Executive Director International Energy Agency Luxembourg, 28 September 2012. Key messages. Sustainable energy future is still feasible and technologies exist to take us there

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Tapping technology’s potential to secure a clean energy future

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  1. Tapping technology’s potential to secure a clean energy future Ms. Maria van der Hoeven Executive Director International Energy Agency Luxembourg, 28 September 2012

  2. Key messages • Sustainable energy future is still feasible and technologies exist to take us there • Despite potential of technologies, progress is too slow at the moment • A clean energy future requires systemic thinking and deployment of a variety of technologies • It even makes financial sense to do it! • Government policy is decisive in unlocking the potential

  3. Energy demand and emissions have doubled in the past 40 years • From 6000 Mtoe to 12 000 Mtoe • Rapid demand growth outside OECD • CO2 emissions from 14Gt to 30Gt • Since 2005, non-OECD countries emit more than OECD • Source: IEA statistics

  4. ETP 2012 – Choice of 3 Futures 2DS a vision of a sustainable energy system of reduced Greenhouse Gas (GHG) and CO2 emissions The 2°C Scenario 4DS reflecting pledges by countries to cut emissions and boost energy efficiency The 4°C Scenario 6DS where the world is now heading with potentially devastating results The 6°C Scenario © OECD/IEA 2012

  5. Clean energy: slow lane to fast track Progress is too slow in almost all technology areas Significant action is required to get back on track © OECD/IEA 2012

  6. Energy RD&D has slipped in priority © OECD/IEA 2012

  7. A smart, sustainable energy system A sustainable energy system is a smarter, more unified and integrated energy system © OECD/IEA 2012

  8. All flexibility sources will be needed Interconnection with adjacent markets Dispatchable power plants Energy storage facilities Demand side Response (via smart grid) Industrial residential Scandinavian interconnections Pumped hydro facility Biomass-fired power plant

  9. Renewables need to dominate EU electricity Other renewables Wind Solar Solar Hydro Nuclear Fossil w CCS Fossil w/o CCS 2009 2050 Renewables cover two-thirds of the electricity mix in 2050 in the 2DS, with wind power alone reaching a share of 30% in the mix.

  10. Natural gas as a transitional fuel • Power generation from natural gas increases to 2030 in the 2DS and the 4DS. • From 2030 to 2050, generation differs markedly. 2DS 4DS • Natural gas-fired power generation must decrease after 2030 to meet the CO2 emissions projected in the 2DS scenario.

  11. Electric vehicles need to come of age Global Passenger LDV sales (million) More than 90% of new light duty vehicles need to be propelled by an electric motor in 2050 © OECD/IEA 2012

  12. Clean energy investment pays off Every additional dollar invested in clean energy can generate 3 dollars in return. © OECD/IEA 2012

  13. Recommendations to Governments 1. Create an investment climate of confidence in clean energy 2. Unlock the incredible potential of energy efficiency – “the hidden” fuel of the future 3. Accelerate innovation and public research, development and demonstration (RD&D) © OECD/IEA 2012

  14. www.iea.org/etp For much more, please visit

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