Renewables to dominate power growth as costs fall, says IEA

Renewables will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the Paris-based International Energy Agency (IEA) said in its annual market report.

2 October 2015 7:36 GMT Updated 28 September 2016 9:33 GMT

By Christopher Hopson in London

Pointing to the great promise renewables hold for affordably mitigating climate change and enhancing energy security, the IEA warns governments to reduce policy uncertainties that are acting as brakes on greater deployment.

“Renewables are poised to seize the crucial top spot in global power supply growth, but this is hardly the time for complacency,” said IEA executive director Fatih Birol as he released the body’s Medium-term Renewable Energy Market Report 2015 at a two-day G20 energy ministers meeting in Istanbul.

“Governments

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Renewables to dominate power growth as costs fall, says IEA