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Despite a severe economic downturn, Ireland has held to its ambitious energy targets to move itself towards a low-carbon economy. But to reach its goals and break its heavy use of imported fossil fuels, Ireland must invest even more in renewable technologies, expand grid integration and improve energy efficiency, the International Energy Agency (IEA) said today in a review of Irish energy policies.

"Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR). According to the MTRMR, despite a difficult economic context, renewable power is expected to increase by 40% in the next five years. Renewables are now the fastest-growing power generation sector and will make up almost a quarter of the global power mix by 2018, up from an estimated 20% in 2011. The share of non-hydro sources such as wind, solar, bioenergy and geothermal in total power generation will double, reaching 8% by 2018, up from 4% in 2011 and just 2% in 2006."

These are the slide from the report launch