The Medium-Term Renewable Energy Market Report 2015 of the International Energy Agency (IEA) assesses the global trends in the electricity, transport and heat sectors, identifying drivers and challenges to deployment, and making projections through 2020. It also assesses the potential impacts of enhanced policy actions under an accelerated case for renewable power, which would put the world more firmly on a path to a more sustainable and secure energy system.
The report sees the share of renewable energy in global power generation rising to over 26% by 2020 from 22% in 2013 – a remarkable shift in a very limited period of time. By 2020, the amount of global electricity generation coming from renewable energy will be higher than today’s combined electricity demand of China, India and Brazil.
The report includes an accelerated case that assesses the impacts of enhanced policy frameworks in key countries, finding that this could boost global cumulative renewable power growth by 25% above the main case, with rising annual installations. An improving picture for renewables can have positive ramifications for global climate change negotiations. At the same time, a clear, supportive outcome from the COP21 climate negotiations in Paris in December could create a virtuous cycle for renewable deployment by increasing long-term policy vision and predictability.
For further information, please visit the relevant IEA website.