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0/n New @IEA Special Report on Clean Energy Innovation. Purpose is to identify critical areas where accelerated innovation is urgently needed to achieve net-zero emissions https://www.iea.org/reports/clean-energy-innovation
1/n Stunning graph! First chart I've seen that shows emissions reductions by technology readiness level
Only 25% of cumulative emissions reductions (2020-2070) come from "mature" technologies
41% comes from tech that is not yet commercially deployed on a large scale
Only 25% of cumulative emissions reductions (2020-2070) come from "mature" technologies
41% comes from tech that is not yet commercially deployed on a large scale
2/n 34% of cumulative emissions reductions come from technologies that are at a demonstration or prototype stage
"Mature" is roughly when a technology reaches 1% of market share
"Mature" is roughly when a technology reaches 1% of market share
3/n Large amounts of emissions are already "locked in", due to the long life of industrial facilities, particularly steel, cement, and chemicals
Accelerated adoption of low-carbon tech at the next investment cycle can prevent 60 Gt of CO2
Accelerated adoption of low-carbon tech at the next investment cycle can prevent 60 Gt of CO2
4/n Why it's so important for countries to invest NOW in emerging clean-tech: bringing new technologies from prototype to materiality can take 20-70 years!
Even for success stories like LED lights and solar PV
see (Bento 2018) for example https://www.sciencedirect.com/science/article/abs/pii/S0301421518302313
Even for success stories like LED lights and solar PV
see (Bento 2018) for example https://www.sciencedirect.com/science/article/abs/pii/S0301421518302313
5/n COVID-19 could cripple or catalyze clean innovation. Governments have a pivotal role in funding R&D, setting market expectations, and investing in essential infrastructure.
6/n Wanna know how IEA arrived at their emissions reductions figure? They analyzed the technology readiness level of more than 400 technology designs and components
It's all public -- this is a fantastic tool! https://www.iea.org/articles/etp-clean-energy-technology-guide
It's all public -- this is a fantastic tool! https://www.iea.org/articles/etp-clean-energy-technology-guide
