Annual global investment in renewables, mainly wind and solar PV, has overtaken investment in conventional generation capacity. Global wind power generation reached 432 GW in 2015, representing around 7% of installed power generation capacity worldwide. Global installed capacity for solar has seen an exponential growth, with a 50 % annual increase on average since 2007 and reaching around 227 GW by the end of 2015. E-storage is also characterised by rapid change, driven by cost reduction as well as increased and shifting needs. However, according to the World Energy Council’s Scenarios, the world is not on track to meet the 2C target nor are we on track to close the gaps on energy access and wider sustainability issues. Important additional mitigation, adaptation and resilience efforts are therefore required to deliver a truly sustainable energy system and technology innovation is a critical part of the solution.
- What are the most dynamic and promising technology innovation frontiers?
- What are priority areas for innovation focus and which of these are moving below expectations? Why?
- Does the world need more innovation partnerships and what are the most promising / successful examples?
- Considering the available time-frames, how can innovative technology be deployed rapidly and at large scale?