Bioenergy leads growth in renewable energy consumption to 2023-IEA
Bioenergy from liquid biofuels and biogas will lead growth in renewable energy consumption to 2023, due to its rising use in the heating and transport sectors. According to the International Energy Agency, overall, renewable energy will continue to grow to 2023, accounting for 40 percent of energy consumption growth as countries cut their greenhouse gas emissions to try and keep global warming in check. IEA said in an annual report on renewables that while growth in solar and wind power is set to continue in the electricity sector, bioenergy will remain the largest source of renewable energy.
Dr Fatih Birol, the IEA’s Executive Director said that "Modern bioenergy is the overlooked giant of the renewable energy field. Its share in the world’s total renewables consumption is about 50% today, in other words as much as hydro, wind, solar and all other renewables combined. We expect modern bioenergy will continue to lead the field, and has huge prospects for further growth. But the right policies and rigorous sustainability regulations will be essential to meet its full potential.”Mr Fatih Birol IEA's executive director said that "Modern bioenergy is the overlooked giant of the renewable energy field.” He added that "Its share in the world's total renewables consumption is about 50 percent today, in other words as much as hydro, wind, solar and all other renewables combined.”
The focus on bioenergy is part of the IEA’s analysis of “blind spots” of the energy system issues that are critical to the evolution of the energy sector but that receive less attention than they deserve such as the impact of air conditioners on electricity demand, or the growing impact of petrochemicals on global oil demand. Assuming strong sustainability measures are in force, the report identifies additional untapped potential for bioenergy to “green” and diversify energy usage in the industry and transport sectors.
Source : IEA.org