New Energy Keeps Growing
Renewable Energy Growth Continues At A Blistering Pace
Robert Rapier, August 2, 2020 (Forbes)
“…Renewable energy continued its blistering growth pace in 2019, globally increasing by 12.2% over 2018. Over the past decade, renewable energy consumption has grown at an average annual rate of 13.7%...Renewables were the only category of energy that grew globally at double digits over the past decade…Globally, hydroelectricity represented 6.4% of the world’s primary energy consumption in 2019…[Modern renewables, wind power, solar power, biofuels, geothermal and biomass] accounted for 5.0% of the world’s primary energy consumption in 2019, but this category will likely surpass hydroelectricity within five years…[Renewable Power] accounted for 86% of all renewable energy consumption…[W]ind (51%) and solar (26%) accounted for most of the consumption…
[S]olar power consumption is growing at about twice the rate of wind power, and is likely to overtake it as the leading source of renewable power this decade. China overtook the U.S. as the world’s top consumer of renewable energy in 2018, and continues to extend its lead…[Its] growth rate over the past decade vastly exceeds all other members of the Top 10. Cumulatively, the Top 10 consumers accounted for 76% of the world’s renewable energy consumption in 2019…[Per capita consumption of renewables in the U.S. is still well ahead of China’s…[O]verall global energy consumption is growing…[and because] fossil fuel consumption made up most of this growth…global carbon emissions continue to grow…” click here for more
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