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IEA 2019. All rights reserved. Where are we with renewable energy? International Energy Agency, Energy Data Centre Roberta Quadrelli UNECE Workshop on Present and Future of Sustainable Renewable Energy; 10th International Forum on Energy for Sustainable Development (IFESD), Bangkok, October 2019
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Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

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Page 1: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Where are we with renewable energy?

International Energy Agency, Energy Data Centre

Roberta Quadrelli

UNECE Workshop on Present and Future of Sustainable Renewable Energy; 10th International Forum on Energy for Sustainable Development (IFESD), Bangkok, October 2019

Page 2: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

2019: fastest growth of renewable power additions in four years

Page 3: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Solar PV expansion in electricity larger than all renewables combined

Renewable electricity capacity growth by technology

Distributed generation capacity growth makes the difference in solar PV’s leadership

Cumulative PV capacity could reach 1.1 TW and wind over 0.9 TW by 2023 under the accelerated case

0

100

200

300

400

500

600

700

800

2006-2011 2012-2017 2018-2023

GW

Wind Utility-scale PV Distributed PV HydropowerBioenergy Other renewables Accelerated case

IEA,

Renewables 2018

Page 4: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

0

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

2000 2005 2010 2015 2020 2025 2030

TWh

Ocean

CSP

Geothermal

Bioenergy

Solar PV

Offshore wind

Onshore wind

Hydropower

Historical Forecast SDS

Renewable electricity generation by technology

PV prospects are optimistic for continuous growth; Bioenergy improved status due to policy

developments in China and India; Other technologies require more policy support.

Despite PV growth, renewable power is not “on track”

⚫ Solar PV

⚫ Onshore wind

⚫ Offshore wind

⚫ Hydropower

⚫ Bioenergy

⚫ Geothermal

⚫ CSP

⚫ Ocean

IEA, Tracking Clean

Energy Progress, 2019

Page 5: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

All sources of

flexibility

needed

6

5

2

1

Mobilise existing power system flexibility

4

3

Targeted

investment in

flexibility needed

Flexibility: the cornerstone of tomorrow’s power systems

Phases of integration with variable renewables share, 2017

Higher shares of variable renewables raise flexibility needs and call for reforms to deliver investment

in power plants, grids & energy storage, and unlock demand-side response

Integration

phase

Wind and solar PV share of generation

0% 10% 20% 30% 40% 50% 60%

India

China

United States

India

China

United States

European UnionEuropean Union

Germany

Germany

United Kingdom

United Kingdom

Phases of integration with variable renewables share, 2030

Page 6: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Power grows fast, but modern bioenergy is the overlooked giant

Modern bioenergy is the only renewable source that can provide electricity, direct heat and transport

fuels. Two thirds of modern bioenergy heat is used in industry

100 200 300 400 500Mtoe

Total final energy consumption

from renewables, 2017

50%

9%

4%6% Modern

bioenergy

Hydropower

Wind

Solar PV

Other renewables

Total final energy consumption

from renewables by sector, 2017

Electricity fromrenewables

Electricity

Heat

Transport

31%

IEA,

Renewables 2018

Page 7: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Modern bioenergy set to lead renewables growth

Total renewable energy consumption is expected to increase by almost 30% over 2018-2023,

covering 40% of global energy demand growth

Total energy consumption growth of renewables over 2012-23

0

10

20

30

40

50

60

70

80

Modernbioenergy

Solar PV Wind Hydropower

Mtoe

2012-17 2018-23

IEA,

Renewables 2018

Page 8: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

RENEWABLES ARE NOT ON TRACK FOR 2030. EFFORTS NEED TO ACCELERATE IN TRANSPORT AND HEAT END-USES.

Renewable energy share of total final energy

consumption by end use and by scenario

2016

2030 - New Policies

Scenario

2030 – Sustainable

Development

Scenario

10% 20% 30% 40% 50%

Electricity

Heat

Transport

Share of total final energy consumption

Source: IEA, 2018

SDG7 Energy

Progress, 2019

Page 9: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Uneven policy efforts across sectors – electricity leading

REN21, GSR2019

Page 10: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

IEA, World Energy

Investment, 2019

Page 11: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

Policy is key to provide framework to manage investment risks

“Financing our energy future requires policy makers to better

understand the risks faced by investors and to design and implement

policies that allow for the efficient allocation and management of

these risks…

Where governments … provide such frameworks, the private sector

responds.”

“Current market and policy signals are not incentivising the

major reallocation of capital to low-carbon power and

efficiency that would align with a sustainable energy future...”

Page 12: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.

The key role of renewable energy policy – regional focus

IEA EU4Energy, 20

Renewable Energy

Recommendations

Page 13: Where are we with renewable energy? - UNECE Homepage · 2019. 10. 8. · Modern bioenergy set to lead renewables growth Total renewable energy consumption is expected to increase

IEA 2019. All rights reserved.