BAKU, Azerbaijan, Oct.19
By Leman Zeynalova – Trend:
Renewables’ share in the global energy supply is set to increase to over 25 percent between 2020 and 2050, Trend reports with reference to the International Energy Agency (IEA).
The table below shows the forecasts for renewable supply in the IEA’s Stated Policies Scenario:
|
Stated Policies Scenario (EJ) |
Shares (%) |
||||||
|
2020 |
2030 |
2040 |
2050 |
2020 |
2030 |
2050 |
|
|
Renewables |
68.5 |
109.0 |
153.0 |
192.5 |
12 |
16 |
26 |
Total energy supply grows by 1.3 percent per year from 2020 to 2030 in the STEPS, reaching 670 exajoules (EJ) by 2030. Announced pledges trim the annual growth rate to 1.0 percent in the APS (650 EJ in 2030). Both scenarios stand in contrast to the NZE where demand declines by an average 0.7% annually to 550 EJ by 2030.
In the STEPS, the world is set to save more energy on an annual basis in the 2020s than it did in the previous decade, with annual intensity improvements averaging 2.2 percent. In the APS, announced targets lead to annual intensity improvement rate averaging 2.5 percent over the next decade, which is closer to the objective championed by governments in the Three Percent Club, but still below it, and far from the 4.2 percent annual improvement rate required in the NZE.
Follow the author on Twitter: @Lyaman_Zeyn