Global New Energy Needs To Accelerate

Stagnant In 2018, Investments For Renewable Energy Must Run Faster

Jude Clemente, December 4, 2019 (Forbes)

“…’[Net global power generation capacity additions for renewables in 2018 [of 180 GW] were the same as in 2017…[This was a 50% gain from 2012, but] only ~60% of the net additions needed each year…In 2018, wind was 8% of global capacity, with solar at 7%...[Models show] that by 2040 wind will reach 14% and solar 24%...Both China and the EU have been adding more renewables to the system than the U.S…

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… India, the most energy short nation on Earth, knows that it needs to up its renewable power game…[Renewables costs] must continue to fall and reliability must continue to improve…[because the] idea that India will be using less of anything is an impractical one…[in] a world adding another 2.5 billion humans and $100 trillion in GDP by 2050…” click here for more

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