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MEXIREC Ministerial

  1. IEA © OECD/IEA 2017 MEXIREC Ministerial Dr. Fatih Birol, Executive Director, International Energy Agency Mexican Dialogues on the Future of Energy, Mexico City, 12 September 2017
  2. © OECD/IEA 2017 The global energy context today  Global energy markets are changing rapidly  North America entering a new age of energy prosperity  Renewables keep breaking records, underpinned by policy support & cost reductions  Electric car sales are growing exponentially  Universal access to modern energy remains a distant goal  1.2B people lack access to electricity; 2.7B people lack access to clean cooking  Air pollution still a major problem  6.5 million deaths each year due to emissions from the energy sector  Current climate pledges fall short of meeting mitigation goals
  3. © OECD/IEA 2017 Supply-side investment needs to be re-directed, not increased; demand-side investment for energy efficiency, electrification & renewables needs to ramp up significantly Renewables and efficiency are key to global climate change mitigation Gt 18 22 26 30 34 38 2010 2020 2030 2040 Central Scenario Efficiency Renewables CCS Nuclear Fuel switching Other 2 °C Scenario Global CO2 emissions reductions in the Central & 2 °C Scenario by technology
  4. © OECD/IEA 2017 The potential of clean energy technology remains under-utilised Recent progress in some clean energy areas is promising, but many technologies still need a strong push to achieve their full potential and deliver a sustainable energy future Energy storage Solar PV and onshore wind Building construction Nuclear Transport – Fuel economy of light-duty vehicles Lighting, appliances and building equipment Electric vehicles Energy-intensive industrial processes Transport biofuels Carbon capture and storage More efficient coal-fired power ●Not on track ●Accelerated improvement needed ●On track
  5. © OECD/IEA 2017 Wind & solar transforming the power sector, but challenges remain The next chapter in the rise of renewables requires policies to; (i) push their role in heat & transport and (ii) address system integration of wind & solar Share of wind and solar in total electricity generation in selected countries 0% 10% 20% 30% 40% 50% Mexico India China Canada United States United Kingdom Italy Germany Spain Denmark 2010 2016
  6. © OECD/IEA 2017 0 10 20 30 40 2012 2015 USD(2016)billion Private Public 0 10 20 30 40 2012 2015 USD(2016)billion R&D funding on clean energy has remained steady at around $37 billion/year, leaving significant room for growth Global clean energy R&D funding needs a strong boost Global R&D spending on clean energy Top 3 IT company R&D spenders
  7. © OECD/IEA 2017 Closing remarks • Addressing climate change, energy security, air pollution and energy access requires an energy transition of exceptional scope, depth & speed • Renewables – together with Energy Efficiency – are key pillars of the solution, but rates of deployment of most technologies are not on track • The next chapter in the rise of renewables requires more work on systems integration & multiplying their applications in buildings, industry and transport • With its “open doors” policy, the IEA is ready to support all countries design better energy policies to accelerate the energy transition • IEA commends Mexico for its energy sector reforms & looks forward to welcoming it into the IEA

Editor's Notes

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