International Energy Agency Warns That Renewable Energy Growth Is Too Slow

- Oct 22, 2018 -

The International Energy Agency (IEA) said that the global need to increase the adoption rate of renewable energy, especially in the power industry, will not be able to cope with the risks brought about by climate change.

In the latest report, the International Energy Agency predicts that by 2023, renewable energy will account for 30% of the world's total electricity generation, but electricity is only a part of it, and the proportion of renewable energy in total global energy demand. Only 12.4%. The Director of the International Energy Agency, Fatih Birol, said that the penetration rate of renewable energy in household heating, industrial transportation and other fields is too low - and these two areas are also the world's major energy consumers, which is currently needed to be solved. A "blind spot."

“In fact, the role of renewable energy in heating and transportation is often overlooked, and decarbonization in these areas is a key priority for our sustainability goals,” says Birol.

The IEA said that if the government strengthens the formulation of policies and regulations, and allows enterprises and investors to have more confidence in clean energy, the growth rate of renewable energy will increase by 25%. The IEA believes that China currently has the fastest deployment of renewable energy worldwide, followed by the European Union.

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