Thursday, October 2, 2008

Half of Global Electricity To Come From Renewables IEA Says

by David Appleyard, Editor, Renewable Energy World Magazine
Paris, France []

Nearly 50% of global electricity supplies must come from renewable energy sources in order to cut CO2 emissions in half by 2050, the International Energy Agency (IEA) says in its latest study, “Deploying Renewables: Principles for Effective Policies.”

Meeting these very ambitious objectives to “minimize significant and irreversible climate change” will require unprecedented political commitment and effective policy design and implementation, the IEA said. The IEA is also urging governments to adopt effective policies based on five key design principles to accelerate the exploitation of the “large potential for renewable energy.”Nonetheless, the IEA also recognizes the scale of such an undertaking, saying in a statement, “this is a huge challenge and part of the entire energy revolution we need to achieve.”

Commenting at the launch of the study, Nobuo Tanaka, executive director of the IEA, said, “Only a limited set of countries have implemented effective support policies for renewables and there is a large potential for improvement. Several countries have made important progress in recent years in fostering renewables, with renewable energy markets expanding considerably as a result. However, much more can and should be done at the global level - in OECD member countries, large emerging economies and other countries - to address the urgent need of transforming our unsustainable energy present into a clean and secure energy future.”

Courtesy: Dr S Vasudevan

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