World Energy Outlook 2020: photovoltaics is the new king of electricity markets.

The IEA (International Energy Agency) publication gives us a complete view of how the global energy system could unfold in the coming decades. And warns: the renewable energies will play a major role. “Photovoltaics are becoming the new king of electricity markets in the world. Based on current policy approaches, it is on track to establish future annual distribution records after 2022″. With these words, Fatih Birol, Executive Director of the International Energy Agency (IEA) presented the long-awaited World Energy Outlook 2020. The document – the Agency's most important publication – provides as always a vision of the present and the next 10 years in the world of energy. Try to understand how the health crisis that has affected the planet currently and will affect the near future. IEA faces a possible prolonged pandemic and deeper recession. Completing the picture of likely tomorrows are: the Stated Policy Scenario (STEPS), the Sustainable Development Scenario (SDS) and the Net Zero Emissions Scenario by 2050 (NZE2050). The STEPS scenario foresees that Covid-19 will gradually be brought under control in 2021 and that the global economy will return to pre-crisis levels in 2021. This scenario reflects all the policy objectives announced today, to the extent that they are supported by detailed measures to achieve them. The recovery scenario is designed with the same policy assumptions as STEPS, but considering a prolonged pandemic and lasting damage to the economic outlook. The global economy would not return to its pre-crisis dimensions until 2023. In the sustainable development scenario, there is an increase in clean energy policies and investments, which puts the energy system on the path to meeting the objectives of the Paris agreement and sustainable development. The assumptions about public health and the economy are the same as in STEPS. An increasing number of countries and companies aim to achieve net-zero emissions, typically by mid-century. The development of renewable energies at WEO 2020 One of the main data that emerges from the World Energy Outlook 2020 is that Renewable energies are destined to assume a leading role in the four scenarios analyzed. An unstoppable sprint that will have photovoltaics as the main actor.