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Torontoluncheonpptfinal 120820104029 Phpapp02

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  • 1. Market Trends in Clean Energy andResponsible Gas Production Maria van der Hoeven Executive Director International Energy Agency Toronto, August 2012 © OECD/IEA 2011
  • 2. Clean energy: slow lane to fast track Progress is too slow in almost all technology areas Significant action is required to get back on track © OECD/IEA 2011 © OECD/IEA 2012
  • 3. Renewable power forecast to accelerate  Hydropower remains the main renewable power source  Non-hydro renewable sources grow at fast rates TWh 7 000 6 000 5 000 4 000 3 000 2 000 1 000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Hydropower Wind onshore Bioenergy Solar PV Geothermal Wind offshore CSP Ocean IEA MRMR© OECD/IEA 2011 Report, 2012
  • 4. Hydro – the backbone of low-carbon electricityin Canada 900 Other renewables 800 700 Wind 600 Solar 500 TWh Hydro 400 Nuclear 300 200 Fossil w CCS 100 Fossil w/o CCS 0 4DS 2DS 2009 2050 Renewables, covering today already more than 60% of electricity generation, could reach a share of almost three quarters by 2050 in the 2-degree scenario (2DS) © OECD/IEA 2011
  • 5. Smart grid benefits exceed costs by a factor ofbetween 1.5 and 4.5 ... but direct benefits of investment in one sector may be found in other sectors. © OECD/IEA 2011
  • 6. A smart, sustainable energy system A sustainable energy system is a smarter, more unified and integrated energy system © OECD/IEA 2011 © OECD/IEA 2012
  • 7. Unconventional Gas: Golden Rules are Key Selected natural gas trade volumes, 2035 Net imports Net exports Golden Rules Case China Additional net trade in European Union Low Unconventional Case United States & Canada Middle East Russia -600 -400 -200 0 200 400 600 bcm Gas trade in the Low Unconventional Case is up 30%, some trade patterns are reversed, gas prices are higher & the position of the main conventional exporters reinforced © OECD/IEA 2011
  • 8. Recommendations to Governments 1. Create an investment climate of confidence in clean energy 2. Unlock the incredible potential of energy efficiency – “the hidden” fuel of the future 3. Accelerate innovation and public research, development and demonstration (RD&D) 4. Establish ‘golden rules’ to maintain the unconventional gas revolution © OECD/IEA 2011 © OECD/IEA 2012
  • 9. Market Trends in Clean Energy andResponsible Gas Production Maria van der Hoeven Executive Director International Energy Agency Toronto, August 2012 © OECD/IEA 2011

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