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IEA says the business-as-usual approach is no longer viable

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In a report released in May, the IEA states that the progress of developing and deploying clean energy is going too slow.

Energy Technology Perspectives offers a comprehensive analysis of the trends in the energy sector. It also features an annual progress report, and in 2014 they find much less progress in the development and deployment of clean energy than expected. The essence of the report is that the longer we wait, the more expensive it becomes to transform our energy system.

CCS is mentioned as crucial to reach the future emission goals. The world will rely more on electricity as an energy source, and continued use of coal and also gas to produce electricity without CCS is incompatible with the climate change objectives.

IEA also remarks that CCS is progressing slowly and that the future of CCS is uncertain due high costs and the lack of political and financial commitment. ZERO has underlined the importance of political and financial commitment several times, and the details can be found in the report Policy Instruments for Large-scale CCS.


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