Energy Blue Print
Key results - OECD Asia Oceania

Moving from principles to action for energy supply that mitigates against climate change requires a long-term perspective. Energy infrastructure takes time to build up; new energy technologies take time to develop. Policy shifts often also need many years to take effect. In most world regions the transformation from fossil to renewable energies will require additional investment and higher supply costs over about twenty years

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electricity generation

The development of the electricity supply market is charaterised by a dynamically growing renewable energy market. This will compensate for the phasing out of nuclear energy and reduce the number of fossil fuel-fired power plants required for grid stabilisation. By 2050, 93% of the electricity produced in OECD Asia Oceania will come from renewable energy sources. ‘New’ renewables – mainly wind, PV and geothermal energy – will contribute 76% of electricity generation. The Energy [R]evolution scenario projects an immediate market development with high annual growth rates achieving a renewable electricity share of 31% already by 2020 and 56% by 2030. The installed capacity of renewables will reach 524 GW in 2030 and 856 GW by 2050.

Table 5.61 shows the comparative evolution of the different renewable technologies in OECD Asia Oceania over time. Up to 2020 hydro and wind will remain the main contributors of the growing market share. After 2020, the continuing growth of wind will be complemented by electricity from biomass, photovoltaics solar thermal (CSP) and ocean energy. The Energy [R]evolution scenario will lead to a high share of fluctuating power generation sources (photovoltaic, wind and ocean) of 36% by 2030, therefore the expansion of smart grids, demand side management (DSM) and storage capacity from the increased share of electric vehicles will be used for a better grid integration and power generation management.