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Renewable Energy
Renewable energy sources have a huge contribution to make in creating a sustainable energy system.
They help to mitigate climate change, increase the security of our global energy supply system and give developing countries access to affordable energy in support of the UN Millennium Development Goals.
Renewable energy could meet almost half of global energy demand by 2050 according to the
International Energy Agency’s ambitious BLUE MAP scenario published in Energy Technology Perspectives 2008. Under this scenario, world greenhouse gas (GHG) emissions are halved. By the end of the century, it is conceivable that global energy needs could be supplied mainly from renewable sources, although their contribution would vary from one region to another.
Research and development (R&D) has a vital role to play if the potential of renewable energy is to be fully exploited. Policy measures, such as taxes, cap and trade schemes, obligations and feed-in tariffs, which take into account environmental impacts and, in particular, the social cost of carbon dioxide emissions, will contribute to faster deployment. However, investment in R&D will not be delivered by market signals alone; extensive support at the national and international levels is needed to accelerate the development of renewable technologies. R&D targeted at different stages of the innovation chain will yield benefits in the short-term (up to five years), medium-term (5–15 years); and in the longer term (15 years plus). R&D with a short-term focus is needed to improve technologies that are already technically proven.
More mature technologies include wind energy and the standard silicon-based conversion of solar energy to electricity in photovoltaic (PV) cells. Strong industries are already associated with these technologies and government deployment measures in several

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