IEA says modern bioenergy will see biggest growth among renewables 2018-2023

October 9, 2018 |

In France, modern bioenergy will have the biggest growth in renewable resources between 2018 and 2023, underscoring its critical role in building a robust renewable portfolio and ensuring a more secure and sustainable energy system, according to the International Energy Agency’s latest market forecast.

Renewables will continue their expansion in the next five years, covering 40% of global energy consumption growth, according to the IEA’s Renewables 2018 market analysis and forecast report. Their use continues to increase most rapidly in the electricity sector, and will account for almost a third of total world electricity generation in 2023. Because of weaker policy support and additional barriers to deployment, renewables use expands far more slowly in the transport and heat sectors.

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.

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