Saturday, July 10, 2010

IEA Report: A Global Energy Technology Revolution Is Underway

"International Energy Agency says a global energy technology revolution is underway. According to a new report by the International Energy Agency, global investment in renewable electricity generation, led by wind and solar, reached an all-time high of $112 billion in 2008 and remained broadly stable in 2009 despite the economic recession. In OECD countries, the rate of energy efficiency improvement has increased to almost two percent per year, more than double the rate seen in the 1990s. And funding for low-carbon research, development and deployment has increased by one third between 2005 and 2008. However, the report, Energy Technology Perspectives 2010, also finds that without new policies to rapidly deploy low-carbon technologies on a large scale, energy-related CO2 emissions will almost double by 2050."

(Source: Apollo Alliance Weekly Update July 7, 2010)

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