Electricity is recognised by the International Energy Agency (IEA) as being an increasingly significant energy source into the future. The IEA’s newly released report, Energy Technology Perspectives 2014 (ETP 2014), highlights actions to support sustainable options for generation, distribution and end-use consumption.

The analysis in ETP 2014 provides insight for decision-makers from governments and industry to enhance the efficiency, security and reliability of the energy system, while reducing the cost of the required infrastructure, and decarbonising the overall energy supply.

Electricity is going to play a defining role in the first half of this century as the energy carrier that increasingly powers economic growth and development. While this offers many opportunities, it does not solve all our problems; indeed, it creates many new challenges.

Maria van der Hoeven, IEA Executive Director

In addition to modelling the global outlook up to 2050 for around 500 technology options, the report examines the potential for pushing the limits in six key areas:

  • Solar power: possibly the dominant source by 2050
  • Natural gas in low-carbon electricity systems
  • Electrifying transport: how can e-mobility replace oil?
  • Electricity storage: costs, value and competitiveness
  • Attracting finance for low-carbon generation
  • Power generation in India.

Since the first edition was published in 2006, the Energy Technology Perspectives series has explored the range of achievable steps that can be taken in the short and medium terms to help inform long-term energy policy objectives.

The 382-page ETP 2014 can be purchased from IEA, as either a paper edition or PDF download. The purchase of the book in either format also enables extensive downloadable data, figures and visualisations. The IEA website includes an executive summary, slides, fact sheets, excerpts and ways to interact with the data.