Probably this is not news to most of our readers, but a new report by the International Energy Agency (IEA) this week shows how a shift to clean and renewable energy more than pays for itself.

The Energy Technology Perspectives 2012 (ETP 2012) points out that several technologies are ready to be implemented and to transform our current energy system. They could reduce carbon emissions, enhance energy security and generate a huge investment return, says the IEA and emphasizes need for decisive policy action now. Such benefits can be unlocked between now and 2050.

On the other hand, the study found most clean energy technologies aren’t on track yet to contribute their full potential to this opportunity.
“While our efforts to bring about a clean energy transformation are falling further behind, I want to stress the golden opportunity before us: If significant policy action is taken, we can still achieve the huge potential for these technologies to reduce CO2 emissions and boost energy security,” said IEA Executive Director Maria van der Hoeven.photovoltaic.gif

It was stressed once again that this unique window of opportunity is closing fast and that governments need to wake up and act. Even though initially this revolution won’t be cheap, in the medium to long run fuel-saving will more that make up for such investments.

Furthermore the reports is set against a 2degrees Celsius scenario which could be achieved by implementing clean energy technologies with a 80% chance.co2.gif

Such a new system would be smarter, more unified and more integrated than today’s to make the most out of the clean energy options.

Energy efficiency has the greatest potentials to boost energy security and reduce carbon emissions.

The report includes a variety of technological and policy options that would cut the global economy’s per-unit use of energy by two-thirds before 2050.

Another study that shows clearly the path we should choose, and yet this current hesitation is making the inevitable shift more difficult and expensive.

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