Publication of IEA’s Tracking Clean Energy Progress (TCEP) report 2023: Assessing critical energy technologies for global clean energy transitions

The International Energy Agency (IEA)‘s Tracking Clean Energy Progress (TCEP) 2023 has was published on July 7th, 2023. This annual update of the IEA’s Tracking Clean Energy Progress online resource brings forth some remarkable gains achieved over the past year.

One of the notable highlights is the record-breaking sales of electric cars, surpassing 10 million in 2022 alone. This represents an astonishing tenfold increase in just five years, showcasing the accelerated adoption of clean transportation worldwide. Additionally, renewable electricity capacity witnessed its largest-ever deployment, with 340 gigawatts (GW) added globally. As a result, renewables now contribute to 30% of the global electricity generation, a significant milestone.

The report also highlights the remarkable progress made in the buildings sector, which has transitioned from “not on track” to “more efforts needed” in the Tracking Clean Energy Progress rating system. Governments worldwide are taking decisive actions by implementing stringent building energy codes and performance standards. Furthermore, the widespread adoption of energy-efficient technologies, including heat pumps and low-emissions cooling equipment, is rapidly gaining momentum.

According to the report, in 2022 a record growth in heat pump sales was registered in Europe and in the United States, and 2023 is also showing early signs of ongoing growth. However, according to IEA heat pumps still meet only around 10% of the global heating need in buildings. To get on track with IEA’s Net Zero Emissions by 2050 (NZE) Scenario, the global heat pump stock would need to almost triple by 2030, which means that manufacturing capacity will need to quadruple by 2030 to reach the NZE Scenario targets.
Another positive development is the strengthening of energy efficiency policies on a global scale. Countries such as India have enacted new policies that cover appliances, vehicles, industrial facilities, and commercial buildings, emphasizing the importance of energy conservation.

The Heat Pump Centre team and the members of the HPT TCP – Technology Collaboration Programme on Heat Pumping Technologies by IEA have made significant contributions to this publication.

The HPT TCP – Technology Collaboration Programme on Heat Pumping Technologies by IEA, actively working towards advancing heat pump technologies, has played a pivotal role in driving these positive changes. Their impactful efforts have contributed to the findings presented in this publication.

Overall, the release of the IEA’s Tracking Clean Energy Progress 2023 demonstrates the tremendous progress made in clean energy transitions and underlines the growing confidence and investment in renewable and energy-efficient solutions worldwide. Let’s celebrate these achievements and continue our collective efforts to accelerate the global transition towards a sustainable and clean energy future.

Read the report on IEA webpage. Click here >