May 7, 2012: IEA Urges Acceleration of Clean Energy Deployment
LONDON — While progress is being made on renewable energy, most clean energy technologies are not being deployed very quickly, according to a report from the International Energy Agency (IEA).
The report, Tracking Clean Energy Progress, highlights the rapid progress made in some renewable technologies, notably the solar photovoltaic (PV) panels installed by households and businesses and onshore wind technologies. In fact, onshore wind has seen 27 percent average annual growth over the past decade, and solar PV has grown at 42 percent, albeit from a small base. Even more impressive is the 75 percent reduction in system costs for solar PV in as little as three years in some countries. This serves as evidence that rapid technology change is possible, stated IEA.