The IEA goes renewable

The book, presented by Mr Calude Mandil,  CEO of the IEA, in the agency’s headquarters in Paris, covers all the renewables and highlights as a first advantage of such energies that they can promote a sustainable economic development.

The IEA acknowledges, however, that research and development in the renewable industry requires big investments, which often leads governments’ policies towards cuts in funding when financial difficulties are at sight.

The book analyzes the evolution of renewable energies from three decades ago, when its use started to be considered as a consequence of the 1973 oil crisis. The book also highlights the fact that the resources allocated by the IEA’s 26 countries to the development of renewable energies reached its highest level in the early eighties, albeit later it went down and since 1990 the funding growth has remained stagnant.

The US, Japan and Germany together represent 62% of the money put in renewable energies, according to the IEA’s report.

The IEA’s CEO suggestd that, to achieve better effectiveness, renewable energies must guarantee energy security and sustainability. He added that the success of development programs for alternative energies must see a proper coordination between national and internation public programs and industries, which can provide factors such as tradability and competitiveness.

For further information:
www.iea.org