New Energy Moving Everywhere, But Slowly
The State Of The Global Renewable Energy Transition
June 3, 2018 (Renewable Energy Policy Network for the 21ST Century)
“…[R]enewable electricity is now less expensive than newly installed fossil and nuclear energy generation in many parts of the world; in some places it is less expensive even than operating existing conventional power plants [according to the 2018 Global Status Update from REN21]…In 2017, China, Europe and the United States accounted for nearly 75% of the global investment in renewable power and fuels…While investment in these major markets is impressive and needs to continue, there are also examples of significant investment in developing country markets…[W]hen measured per unit of gross domestic product (GDP), the Marshall Islands, Rwanda, the Solomon Islands, Guinea-Bissau, and many other developing countries are investing as much as or more in renewables than developed and emerging economies. These positive trends need to be scaled up for a global energy transition…[A] booming global economy combined with weaker improvements in energy intensity led to an increase in energy demand of an estimated 2.1% in 2017 (more than twice the average increase over the previous five years). Energy-related carbon dioxide (CO2) emissions rose – by an estimated 1.4% – for the first time in four years…There is uneven progress between the sectors and between the different geographical regions, and…the global renewable energy transition is progressing far too slowly…” click here for more
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