Energy Technology Perspectives 2020

Energy Technology Perspectives 2020

Energy Technology Perspectives 2020 is a new study of International Energy Agency (IEA) which focusses on the technology needs and opportunities for reaching international climate and sustainable energy goals.

The report was launched on November 19, 2020 by Fatih Birol,Executive Director of International Energy Agency (IEA).

Executive Director of International Energy Agency (IEA), Mr. Fatih Birol said that India has moved to the Centre stage of international Energy Affairs and is a role model for other major emerging economies.

Mr. Birol praised the Indian government for its efforts in providing clean energy to millions by way of schemes like Ujjawala and Ujala.

Prakash Javadekar’s Address

Delivering the keynote address Environment, Forest and Climate Change Minister Shri Prakash Javadekar said, that the International energy report is extremely important and has raised many valid issues. The Minister highlighted that today India is the only country in the G-20 nations which is 2 degrees compliant in keeping with NDCs presented in Paris, and has taken many decisive actions, in fighting Climate Change, not only at the government level but even at the private level, which shows our commitment and resolve.

Speaking on India’s actions on renewable energy the Environment Minister said that India’s renewable energy now stands at 89 GW. It has increased by 170 % in the last 6 years which is a significant increase. “Our Hon’ble PM Shri Narendra Modi has declared 175 GW of renewable power by 2022 and our aspirational goal stands at 450 GW of renewable energy.”, said Shri Javadekar

“We are improving energy efficiency and simultaneously also giving a big push to e-vehicles. The demand for EVs is growing and the prices are being slashed and we are also providing for more battery charging infrastructure. Battery swapping policy has also been adopted. We are giving subsidy for electrical buses which are already operational across many cities” highlighted the Ministerand said that India is contributing massively on the energy front and the government is working tirelessly in this direction.

Overview Of Energy Technology Perspectives 2020

Energy Technology Perspectives 2020 is a major new IEA publication focused on the technology needs and opportunities for reaching international climate and sustainable energy goals. This flagship report offers vital analysis and advice on the clean energy technologies the world needs to meet net-zero emissions objectives.

The report’s comprehensive analysis maps out the technologies needed to tackle emissions in all parts of the energy sector, including areas where technology progress is still lacking such as long-distance transport and heavy industries. It shows the amount of emissions reductions that are required from electrification, hydrogen, bioenergy and carbon capture, utilisation and storage.

Executive Summary

  • To avoid the worst consequences of climate change, the global energy system must rapidly reduce its emissions.
  • Achieving net-zero emissions requires a radical transformation in the way we supply, transform and use energy.
  • This report analyses over 800 technology options to examine what would need to happen for the world to reach net-zero emissions by 2050.
  • Many governments have ambitious plans for reducing emissions from the energy sector. Some governments have even put net-zero ambitions into law or proposed legislation, while others are discussing their own net-zero strategies.
  • Spreading the use of electricity into more parts of the economy is the single largest contributor to reaching net-zero emissions.
  • Reaching net-zero emissions in 2050 would require a much more rapid deployment of low-carbon power generation.
  • Hydrogen extends electricity’s reach.
  • Carbon capture and bioenergy play multifaceted roles.
  • A secure and sustainable energy system with net-zero emissions results in a new generation of major fuels.
  • Quicker progress towards net-zero emissions will depend on faster innovation in electrification, hydrogen, bioenergy and CCUS.
  • Long-distance transport and heavy industry are home to the hardest emissions to reduce.
  • Power and heavy industry together account for about 60% of emissions today from existing energy infrastructure, climbing to nearly 100% in 2050 if no action is taken.
YOU MAY LIKE TO READ: Is India Ready For Net Zero Carbon Goal?

Governments will need to play the decisive role

While markets are vital for mobilising capital and catalysing innovation, they will not deliver net-zero emissions on their own.

Governments have an outsized role to play in supporting transitions towards net-zero emissions. Long-term visions need to be backed up by detailed clean energy strategies involving measures that are tailored to local infrastructure and technology needs. Effective policy toolkits must address five core areas:

  • Tackle emissions from existing assets
  • Strengthen markets for technologies at an early stage of adoption
  • Develop and upgrade infrastructure that enables technology deployment
  • Boost support for research, development and demonstration
  • Expand international technology collaboration.
YOU MAY LIKE TO READ: Confronting Carbon Inequality

Read More Here.

Image by Colin Behrens from Pixabay