Electrical technology is accelerating at a faster rate than many previous industrial innovations.
report, which describes a way for the global economy to meet the goals of the Paris Agreement. The first edition of the report, in 2021, was a departure for an organization known more for its detailed data than its normative view of the future. This year’s roadmap finds no immediate progress on, but it does offer a “brighter note.” As the authors state in their introduction, “The path to 1.5 degrees C has narrowed, but clean energy growth is keeping it open.
For instance, between 2015 and 2022, solar PV added as much capacity as all of Europe’s installed power generation, and heat pump sales increased to a level “approximately equivalent to the entire residential heating capacity in Russia.” This year, the IEA provides some useful analogies, setting EV batteries, solar modules and wind turbines against three innovative technologies of the past: US aircraft produced during the Second World War, theThe report compares these groups based on two factors: the average annual increase in deployment for each technology during its key decade, and how much annual costs declined during that same decade. The result is complex, but in an instructive way.
The comparison should energize, so to speak, those hoping for a much greater deployment of these mass manufactured technologies. They are already on the path of innovations that substantially changed the way that people moved 80 to 100 years ago.The challenge is continuing to innovate while pushing solar and battery cost reduction and even higher levels of annual deployment.
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