IEA has bright outlook for solar energy
The IEA's Nobuo Tanaka said solar power has the potential to significantly reduce energy-related greenhouse gas emissions in the coming decades.
"The combination of solar photovoltaics and concentrating solar power offers considerable prospects for enhancing energy security while reducing energy-related carbon dioxide emissions by almost 6 billion tons per year by 2050," he added.
He spoke during a Mediterranean Solar Plan Conference hosted in Valencia by the Spanish presidency of the European Union.
Tanaka said effective policy and partnerships in the solar energy sector could lead to solar power supplying as much as 25 percent of global electricity production by 2050.
The executive director added that the combination of photovoltaic units on residential and commercial building could bring solar power to parity with conventional electricity within 10 years.
"This decade is crucial for effective policies to enable the development of solar electricity," he said.
Related News
840 million people have no electricity – World Bank must fund more energy projects
WASHINGTON - Why isn’t the World Bank using all available energy resources in its global efforts to fight poverty? That’s the question I’ve asked World Bank President David Malpass. Nearly two years ago, the multilateral development bank decided to stop supporting critical coal, oil and gas projects that help people in developing countries escape poverty.
Along with 11 other senators, and as a member who votes on whether to give U.S. taxpayer dollars to the World Bank, I am pressing the bank to lift these restrictions. Developing countries desperately need access to a steady supply of affordable and reliable electricity to…
