Abstract

The timely deployment of existing technologies, and new technology innovation, is essential to meet the world's growing energy demand. The pace of technology change will be driven by multiple priorities including development and the eradication of energy poverty, the evolving geography of energy resources and demand, and the need to manage climate change risk. Even with the enormous rewards of technological progress, the pace of major technological change has historically been limited. However change between energy resources (e.g. from wood to coal) and major infrastructures (e.g. from rail to roads) have exhibited transitions of roughly 50 years for each step (inception to global deployment). For technology change to be rapid enough to manage climate risk effectively, may require a pace that is far more rapid than past experience. The creation of policy options to accelerate the pace will be critical. This paper presents findings from a workshop organized by IPIECA to examine issues that drive or inhibit the pace of technology innovation and application for addressing the climate change challenge.

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