The IEA recently released its publication Renewable Market Report 2017 (REMR 2017). The report describes the acceleration of the renewable electricity market in recent years and that renewables broke new records in 2016, with solar photovoltaics (PV) being the main driver. Between 2017 and 2022, IEA expects global renewable electricity capacity to expand by over 920 GW, an increase of 43%.
Most of the heat delivered by heat pumps is renewable since it is captured from the air, ground or water heated by the sun. Increasing the share of renwables in the electrical grid, a development described in REMR 2017, makes electrical driven heat pumps even more renewable. IEA’s recent publication Energy Technology Perspectives 2017 (ETP 2017) shows that heat pumping technologies are a critical enabler to reach climatic ambitions and their deployment needs to be at least tenfold compared to a reference technology scenario.
The Renewable Market Report 2017 (REMR 2017) provides a detailed market analysis and overview of renewable electricity capacity and generation, biofuels production, and heat consumption, as well as a forecast for the period between 2017 and 2022. The report also identifies a set of policy improvements in key markets that could accelerate the growth of renewables.