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Medium-Term Renewable Energy Market Report …

Renewable Energy . Medium-Term Market Report 2016. Market Analysis and Forecasts to 2021. Renewable Energy . Medium-Term Market Report 2016. Explore the data behind MTRMR 2016. The IEA is expanding the availability of data used to create the Medium-Term Renewable Energy Market Report 2016 publication. Please visit the restricted area of the MTRMR website, There you will find country data information including data tables available for download. The website is evolving and will be continuously updated. Your username is IEA_MTRMR user and password IEA_2016 MTRE markets . Market Analysis and Forecasts to 2021. INTERNATIONAL Energy AGENCY.

Market Analysis and Forecasts to 2021 Medium-Term Market Report RENEWABLE ENERGY 2016 Explore the data behind MTRMR 2016 The IEA is expanding the availability of data used to create the Medium-Term Renewable Energy Market Report

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Transcription of Medium-Term Renewable Energy Market Report …

1 Renewable Energy . Medium-Term Market Report 2016. Market Analysis and Forecasts to 2021. Renewable Energy . Medium-Term Market Report 2016. Explore the data behind MTRMR 2016. The IEA is expanding the availability of data used to create the Medium-Term Renewable Energy Market Report 2016 publication. Please visit the restricted area of the MTRMR website, There you will find country data information including data tables available for download. The website is evolving and will be continuously updated. Your username is IEA_MTRMR user and password IEA_2016 MTRE markets . Market Analysis and Forecasts to 2021. INTERNATIONAL Energy AGENCY.

2 The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was and is two-fold: to promote Energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean Energy for its 29 member countries and beyond. The IEA carries out a comprehensive programme of Energy co-operation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency's aims include the following objectives: n Secure member countries' access to reliable and ample supplies of all forms of Energy ; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions.

3 N Promote sustainable Energy policies that spur economic growth and environmental protection in a global context particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. n Improve transparency of international markets through collection and analysis of Energy data. n Support global collaboration on Energy technology to secure future Energy supplies and mitigate their environmental impact, including through improved Energy efficiency and development and deployment of low-carbon technologies. n Find solutions to global Energy challenges through engagement and dialogue with non-member countries, industry, international organisations and other stakeholders.

4 IEA member countries: Australia Austria Belgium Canada Czech Republic Denmark Estonia Finland France Germany Secure Greece Sustainable Hungary Together Ireland Italy Japan Korea Luxembourg Netherlands New Zealand Norway Poland Portugal Slovak Republic OECD/IEA, 2016 Spain International Energy Agency Sweden 9 rue de la F d ration Switzerland 75739 Paris Cedex 15, France Turkey United Kingdom Please note that this publication United States is subject to specific restrictions that limit its use and distribution. The European Commission The terms and conditions are also participates in available online at the work of the IEA.

5 F OREWO RD. FOREWORD. One year ago, immediately after starting my new role as the Executive Director of the International Energy Agency (IEA), I presented a new vision for the Agency founded on three pillars: opening the doors of the IEA to emerging economies, strengthening and broadening our commitment to Energy security, and bolstering the role of the IEA as an international hub for clean Energy technology and Energy efficiency. We made important steps supporting all three pillars and our work on Renewable Energy is at the heart of all three of them. Renewable Energy , together with Energy efficiency, is essential to delivering the low-carbon Energy future that the international community agreed upon at the United Nations' 21st Conference of the Parties (COP21) last year.

6 Despite low Energy prices, 2015 was a year full of records for renewables. For example, cumulative installed Renewable power capacity now exceeds that of coal. Deployment is driven by supportive policies that aim not just at decarbonisation, but also and sometimes even more importantly at improving Energy security and reducing harmful local air pollution. Recent cost reductions for onshore wind and solar PV are impressive and were unthinkable just five years ago. This cost reduction trend, which is expected to continue, will be a key factor in driving Renewable deployment. Growth is anticipated to be increasingly concentrated in emerging and developing economies, with Asia taking the centre stage.

7 In the next five years, the People's Republic of China and India alone will account for almost half of global Renewable capacity additions. But much more remains to be done. Even though the forecast for Renewable electricity in the IEA. Medium-Term Renewable Energy Market Report (MTRMR) 2016 is in line with the commitments submitted within the Intended Nationally Determined Contributions (INDCs) ahead of COP21, this trajectory still falls short of the levels needed to meet more ambitious climate change objectives. This does not mean that these objectives cannot be reached. The MTRMR 2016 presents examples of strengthened policy support and favourable Market conditions in key countries that can help to accelerate growth in the next five years.

8 In this context, addressing system integration of variable renewables will play a central role in tomorrow's Energy systems and is a key area of focus at the IEA. Of course electricity alone does not provide the whole picture. Progress in Renewable penetration in the heat and transport sectors remains slow, and significantly stronger policy efforts in both sectors will be needed. This edition of MTRMR offers an extended analysis of Renewable heat, highlighting policy and Market options to accelerate deployment. The analysis from the MTRMR 2016, based on robust data and with close co-operation and insights from policy-makers and Energy industry worldwide, tracks progress and identifies future trends in Renewable Energy technology deployment.

9 It is my hope that, alongside findings from the wider range of IEA Medium-Term Market reports, it will present a clear picture of developments in the global Energy system and provide possible pathways to enable policy makers and other stakeholders to accelerate our advance towards a more secure, sustainable Energy future for all. Dr. Fatih Birol Executive Director International Energy Agency M EDIUM -T ERM R EN EWABLE E NERGY M ARKET R EPO RT 2016 3. A CKNOWLEDGEMENTS. ACKNOWLEDGEMENTS. The Medium-Term Renewable Energy Market Report (MTRMR) 2016 was prepared by the Renewable Energy Division of the International Energy Agency (IEA).

10 The lead authors of the Report were Yasmina Abdelilah, Ute Collier, Karolina Daszkiewicz, Pharoah Le Feuvre, Megan Mercer, Yasuhiro Sakuma, and Heymi Bahar, who led and co-ordinated the analysis. C dric Philibert, Emanuele Bianco and Adam Brown also contributed to drafting of this Report . Paolo Frankl, Head of the Renewable Energy Division, provided strategic guidance and valuable input to this work. Keisuke Sadamori, Director of Energy Markets and Security reviewed the Report and provided expert advice. This Report also benefited from the valuable administrative support provided by Michelle Adonis and Jane Berrington.


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