Tuesday, May 28, 2019

Climate Change: Geothermal Energy Failing to Keep Pace with Long-Term Goals for Clean Energy Transitions - IEA

Progress on energy technologies fails to keep pace with long-term goals for clean energy transitions (IEA)

The International Energy Agency’s latest and most comprehensive assessment of clean energy transitions finds that the vast majority of technologies and sectors are failing to keep pace with long-term goals.

Of the 45 energy technologies and sectors assessed in the IEA’s latest Tracking Clean Energy Progress (TCEP), only 7 are on track with the IEA’s Sustainable Development Scenario (SDS). The SDS represents a pathway to reach the goals of the Paris Agreement on climate change, deliver universal energy access and significantly reduce air pollution.

Geothermal electricity generation increased by an estimated 6% in 2018, much more than the average growth of the five previous years. Nevertheless, the technology is still not on track to reach the SDS level, which would require a 10% annual increase in generation over 2018‑30. Policies tackling challenges associated with pre-development risks are needed to increase the deployment of geothermal for power.

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