IEA Report: World Can Halve Expected Growth in Oil and Power Consumption by 2050
24 June 2006
|More needs to be done with the fuel intensity of light-duty vehicles.|
Applying clean and more efficient technologies at hand or under development could halve the expected growth in both oil and electricity demand and return CO2 emissions to today’s levels by 2050, according to a new publication by the International Energy Agency.
IEA Executive Director Claude Mandil presented the key findings of Energy Technology Perspectives, which the IEA produced as a partial response to a call from G8 leaders at their Summit in Gleneagles in July 2005 for the IEA to advise on alternative scenarios and strategies aimed at a “clean, clever and competitive energy future.”
Technologies can make a difference. A sustainable energy future is possible, but only if we act urgently and decisively to promote, develop and deploy a full mix of energy technologies, including improved energy efficiency, CO2 capture and storage (CCS), renewables and—where acceptable—nuclear energy. We have the means, now we need the will.—Claude Mandil
The IEA publication takes a detailed look at status and prospects for key energy technologies in power generation, buildings, industry and transport. It puts forward strategies for attaining scenarios unattainable under current trends.
Improved energy efficiency is an indispensable component of any policy mix, and it is available immediately. Governments, in both OECD and non-OECD countries, must be willing to implement measures that encourage the investment in energy-efficient technologies.—Claude Mandil
The study identifies the capture and storage of CO2 emitted from power-generation or industrial processes as a key technology, and recommends making early demonstration of CCS in full-scale power plants a high priority.
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Applying clean and more efficient technologies at hand or under development could halve the expected growth in both oil and electricity demand and return CO2 emissions to today's levels by 2050, according to a new publication by the International Energ... [Read More]