International Energy Agency: market share of renewable energy continues to grow
08.08.2016

The International Energy Agency (IEA) marks a tendency of increase in the share of renewable energy in electricity production both in OECD countries and globally.


International Energy Agency (IEA) is an independent international organization created under the Organization for Economic Cooperation and Development (OECD). It has 29 member countries and cooperates with other countries (working closely with Russia, China and others). The main task of the IEA is to provide reliable, affordable and clean energy for its member countries and beyond.

Nowadays the agency plays one of the main roles in the global dialogue on energy issues and focuses on such main directions as:
• Energy security (to stimulate the diversification of energy);
• Economic development (promoting of economic growth and eliminating energy poverty);
• Environmental awareness (facilitating climate change mitigation);
and
• Development of international cooperation (organization of cooperation with non-IEA members, especially with the major energy producers and consumers, assist in finding solutions to global energy and environmental problems).


The Agency has published a new expert analysis of the “Key Renewables Trends: Renewables Information 2016”.

The updated report shows that in 2015 in OECD countries renewable energy sources (specific share of 23.0%) occupied the third place after coal (29.7%) and natural gas (26.0%) in terms of production of electricity.

With regard to the global results, the data for 2014 was presented, where the share of renewable energy came in the second place.

Non-OECD countries consume about ¾ of all renewable energy sources, which is provided by the use of solid biomass (e.g. wood) in households. Thus, if take for example Africa, there almost half of all the energy is renewable.


The document also discloses the analysis of the share of RES in the structure of energy production during the period from 1990 to 2015.

So, for the stated period (1990 - 2015) in the OECD countries, the total energy supply from RES increased from 271 to 510 million TOE (Tons of oil equivalent – oil equivalent of energy), and the average annual growth rate was 2.6%. For comparison, the growth in the use of non-renewable energy sources (including coal, oil, gas and nuclear fuel) amounted to 0.4%.

The most impressive growth figures can be seen in solar and wind energy (44.1% and 22.1%, respectively), provided mainly by the OECD countries and China.

The document also provided the opportunity to review the data on the growth of renewable energy on a global scale (information for 1990 – 2014).


Read more about the report “Key Renewables Trends: Renewables Information 2016” on the official website of the IEA:

Key Renewables Trends: Renewables Information 2016

 


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