The role of technology innovation in the transition to a low-carbon energy

The role of technology innovation in the transition to a low-carbon energy

As climate negotiators work towards a deal that would limit the increase in global temperatures, interest is growing in the essential role technology innovation can and must play in enabling the transition to a low-carbon energy system. Indeed, recent success stories clearly indicate that there is significant and untapped potential for accelerating innovation in clean technologies if proper policy frameworks are in place.

In an especially timely analysis, the 2015 edition of “Energy Technology Perspectives” (ETP 2015) written by the International Energy Agency examines innovation in the energy technology sector and seeks to increase confidence in the feasibility of achieving short- and long-term climate change mitigation targets through effective research, development, demonstration and deployment (RDD&D).

ETP 2015 identifies regulatory strategies and co-operative frameworks to advance innovation in areas like variable renewables, carbon capture and storage, and energy-intensive industrial sectors. The report also shows how emerging economies, and China in particular, can foster a low-carbon transition through innovation in energy technologies and policy.

 

Source: International Energy Agency

Date: September 2015

Read the article

Read the summary


Tags assigned to this article:
climate changecostsresearchtechnology

Related Articles

Financial systems must consider extreme weather, or risk condemning millions to die

It’s extraordinary how the financial markets that pride themselves on their data analysis and forecasting have such a blind spot

Empty promises: G20 subsidies to oil, gas and coal production

G20 country governments are providing $452 billion a year in subsidies for the production of fossil fuels. Their continued support

Usual suspects

Before the Industrial Revolution, Earth’s climate changed due to natural events such as volcanic activity and solar energy variations. These