• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 2 hours End of Sanction Waivers
  • 2 hours Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 3 hours Alliances: Iran And Pakistan To Form Joint Rapid Reaction Force At Border
  • 3 hours Climate Change Protests
  • 1 min Saudi Arabia Says To Coordinate With Other Producers To Ensure Adequate Oil Supply
  • 11 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 9 hours Gas Flaring
  • 7 hours "Undeniable" Shale Slowdown?
  • 35 mins Populist Surge Coming in Europe's May Election
  • 1 hour US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 11 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 13 hours Oil at $40
  • 12 hours Case against Trans Mountain Begins
  • 3 hours Don't Climb Onto the $80+ Oil Price Greed Roller Coaster, Please.
  • 11 hours China To Promote Using Wind Energy To Power Heating
The Undeniable Signs Of A Shale Slowdown

The Undeniable Signs Of A Shale Slowdown

Schlumberger, the world’s largest oilfield…

IEA: Clean Energy Tech Falling Short Of Climate Goals

Most clean-energy technologies are not on track to meet the world’s long-term climate goals, make energy universally accessible, and significantly lower air pollution, with just 4 out of 38 techs on track to do this, the International Energy Agency (IEA) said in a report published on Wednesday.

Last year, only solar photovoltaic (PV) in the power sector; lighting and data centers & networks in the buildings sector; and electric vehicles in the transport sector were on track, according to the IEA’s Tracking Clean Energy Progress—an assessment of energy technologies and sectors that are critical in a global clean-energy transition. The technologies were measured against the IEA’s Sustainable Development Scenario, a pathway to reach the Paris Agreement’s well-below 2°C climate goal, deliver universal energy access, and significantly lower air pollution.

“Some technologies have made tremendous progress in 2017 – particularly solar PV, LEDs and EVs – but most are not on track,” the agency said in its progress report.

Last year, solar PV showed record 34-percent growth in power generation and is well on track to meet climate targets. The technology led the expansion in renewable power generation in 2017, as deployment boomed in China and prices continued to fall. Since 2010, prices have declined by 70 percent for new solar PV large utility-scale systems, the IEA says.

EV sales last year surged 54 percent to a record 1.1 million cars globally. China accounted for nearly half of all electric car sales, while Norway has the highest per capita ownership, the IEA reckons.

Related: 

Despite the success of four technologies, most others are not on track to meet long-term sustainability goals.

A total of 11 of 38 technologies surveyed by the IEA were significantly not on track, especially unabated coal electricity generation (generation without Carbon Capture, Utilization and Storage, or CCUS), which is responsible for 72 percent of power sector emissions.

Meanwhile, progress in onshore wind and energy storage slowed, which led to the IEA downgrading those two technologies to “in need of improvement,” bringing the total number of technologies in need of improvement to 23.

“There is a critical need for more vigorous action by governments, industry, and other stakeholders to drive advances in energy technologies that reduce greenhouse gas emissions,” Dr. Fatih Birol, the IEA’s Executive Director, said in a statement.

“The world doesn’t have an energy problem but an emissions problem, and this is where we should focus our efforts.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • MikeW on May 24 2018 said:
    So-called "clean" energy from wind and solar power are actually environmental disasters. From the rare earth element mines in China, to the cobalt mines in Africa, to the slaughter of migratory birds and bats, to the fouling of ground water from lubricating oil leakages, to the health problems from infrasound, the wind and solar power industries wreak environmental havoc across the globe. No other power sources are allowed to pollute the environment to the extent that wind and solar power do.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News