Despite an interesting recent article in the Dutch FD (*), by Mathijs Bouman, on the accuracy of forecasting by IEA, I continue to find the IEA reports very worthwhile to read and reflect upon. There is indeed a potential danger that, in case forecasts are too pessimistic, this could create unwanted actions. Nevertheless, it’s better to be safe than sorry with all negative consequences. (*): the article published in FD (Financial Daily newspaper) on May 15, 2021 outlined the views of a columnist that the advance of solar energy is systematically underestimated by the IEA.
IEA reported, amongst others, the following insights:
“Climate pledges by governments to date – even if fully achieved – are well short of what’s required to bring global energy-related carbon dioxide emissions to net zero by 2050.”
“Our pathway requires the immediate and massive deployment of all available clean and efficient energy technologies. That includes annual additions of solar PV to reaching 630 gigawatts by 2030, and those of wind power reaching 390 gigawatts. Together, that’s four times the record level set in 2020.”
“Most of the global reductions in CO2 emissions between now and 2030 in our net zero pathway come from technologies already on the market today. But in 2050, almost half the reductions come from technologies that are currently only at the demonstration or prototype phase. This calls for major innovation progress this decade.”
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