Wednesday, February 22, 2012

G-20 Clean Energy, and Energy Efficiency Deployment and Policy Progress- IEA

Reporting to G-20 on Clean Energy and Efficiency Progress

G-20 Clean Energy, and Energy Efficiency Deployment and Policy Progress, a report prepared by the International Energy Agency (IEA) in collaboration with the G-20 Clean Energy and Energy Efficiency Working Group, provides an overview of clean energy and energy efficiency technology deployment and summarises support policies in place across G-20 countries. The report highlights that while clean energy technology deployment has made steady progress and energy efficiency improvements have been made, continued reliance on fossil fuels to meet growth in global energy demand presents a significant challenge. Scaling-up the deployment of renewable energy, in addition to improving end-use efficiency, enhancing the efficiency of fossil fuel based power generation, and supporting the widespread deployment of CCS will, therefore, also be crucial aspects of the transition to a cleaner energy future.

Because the G-20 group of countries represent close to 80% of energy-related CO₂emissions, by developing and deploying energy efficiency and clean energy technologies, they are presented with a unique opportunity to make collective progress in transitioning the global energy system. IEA Deputy Executive Director Richard Jones emphasised the importance of G-20 efforts, saying, "The IEA welcomes this important collaboration with the G-20. Enhanced deployment of clean energy technologies and of energy efficiency improvements offers energy security and environmental benefits. It will also enable cost savings over the medium and long term – an aspect that is particularly relevant at a time of economic uncertainty. We believe that enhanced policy assessment and analysis, building on this initial report, will enable governments to take more cost effective and efficient policy decisions.”

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