New IEA report shows technology can transform energy system but emphasises need for decisive policy action now

A host of new technologies is ready to transform the energy system, offering the potential to drastically reduce carbon emissions, enhance energy security and generate a huge investment return, the International Energy Agency (IEA) said in its flagship energy technology publication launched today. The book, Energy Technology Perspectives 2012 (ETP 2012), explains how to enable and encourage technologies and behaviours that together will revolutionise the entire energy system and unlock tremendous economic benefits between now and 2050. ETP 2012 builds on the IEA’s Tracking Clean Energy Progress report, issued in April, which said that despite some recent progress in deploying renewable energy, most clean energy technologies are not on track to make their required contribution to reducing carbon dioxide (CO2) emissions and thereby provide a more secure energy system. See full Press Release.