For first time since the International Energy Agency started monitoring clean energy progress, not one of the technology fields tracked is meeting its objectives. The ability to deliver a global future in which temperatures rise modestly isbeing jeopardized. Deployment of renewable energy is progressing, but not fast enough. Nuclear power is behind the curve. Key technologies like carbon capture and storage are still in their infancy. The private sector will not be able to fill this gap, as , in the absence of a carbon tax or regulations, investors are subject to the ups and downs of the energy market. The price of fossil fuels has had an impact, as it lowers the baseline for the new technologies. Despite the public commitments of governments, there are still funding gaps.
Tracking Clean Energy Progress 2015 examines progress in the development and deployment of key clean energy technologies. The Energy Technology Perspectives 2015 (ETP 2015) excerpt tracks each technology and sector against interim 2025 targets in the IEA 2015 Energy Technology Perspectives 2°C scenario, which lays out pathways to a sustainable energy system in 2050. While renewable power generation continues to progress, the number of electric vehicles (EVs) are still increasing rapidly, and a significant milestone for carbon capture and storage (CCS) was reached in 2014, the deployment rate of most clean energy technologies is no longer on track to meet 2DS targets.
Overall, the growth rates of clean energy technologies have slowed significantly and existing opportunities for deployment are not being exploited, preventing significant benefits being realised. Policy certainty, incentives, regulation and international co-operation are required to meet stated ambitions and transform the global energy system. Tracking Clean Energy Progress 2015 provides, together with ETP 2015, specific recommendations on how to scale up deployment of these key technologies toward a secure, clean and competitive energy future.
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