NEW ENERGY TO ALMOST DOUBLE WORLDWIDE IN 5 YEARS

Renewables to surpass gas by 2016 in the global power mix; IEA report sees renewable power increasingly cost-competitive with new fossil-fuel generation, but agency warns against complacency

26 June 2013 (International Energy Agency)

“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…in its second annual Medium-Term Renewable Energy Market Report (MTRMR) …[D]espite 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…” click here for more

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