Sunday, January 24, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

Renewables are Unstoppable: Prodigious Growth and Even Better Forecasts

by Richard Matthews
December 3, 2015
in Uncategorized
0

Renewable energy has been steadily growing and future projections are nothing short of meteoric. While renewables are already doing well they can be expected to grow at a far faster pace going forward. A positive outcome at the ongoing COP21 climate negotiations in Paris
will radically accelerate the deployment of renewables by increasing long-term policy vision and
predictability.

The drive towards a low carbon economy is unstoppable and by 2050 renewable energy will be the world’s leading source of energy. Already we are seeing more added renewable energy capacity each year than coal, natural gas, and oil combined. As we move away from fossil fuels, we will see radical increases in the installation of renewable capacity.

The growth of renewables has been prodigious. Wind has
grown eight fold in the last ten years and solar has grown almost 50
fold during this period.

According to a report commissioned by France-based Renewable Energy Policy Network for the 21st Century (REN21), 2014 saw record installations in wind and solar PV. There are now a total of 164 countries that have renewable energy targets. Renewables accounted for over 59 percent of net additions to world’s power capacity

In 2014 about 135 GW of renewable energy power was added increasing the total installed capacity to 1,712 GW, up 8.5 percent from the year before. As of end-2014, renewables comprised an estimated 27.7 percent of the world’s power generating capacity.

In 2014, global new investment in renewable power and fuels increased 17 percent over 2013 more than double fossil fuel investment. This is the fifth year in a row that renewable energy investment is outpacing fossil fuels. Global new investment in renewable power and fuels increased to 301 billion over 2013. Going forward the opportunities for investors are huge.

“Renewables are poised to seize the crucial top spot in global power supply growth,” IEA executive director, Fatih Birol said, “they are no longer a niche. Renewable energy has become a mainstream fuel, as of now.” He said 60 percent of all new investment was going into renewables.

“The global breakthrough of renewable energy has happened much faster than anticipated,” said Emily Rochon, global energy strategist at Greenpeace International.

The staggering growth we have seen in renewables in recent years will be
eclipsed by what we can expect to see in the near future. The International Energy Agency {IEA} says that renewable energy will represent the largest single source of electricity growth over the next five years. Renewables are expected to account for almost two-thirds of net additions to global power capacity in the next five years.

“The electricity system is shifting to clean.” Michael Liebreich, founder of BNEF, said in his keynote address. “Despite the change in oil and gas prices there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas.”

In 2014 the
global renewables trade was valued at 790 billion, by 2022, clean energy is
expected to be worth $1,8 trillion.   

The growth of renewables is a “clear sign that an energy transition is underway”, the IEA said. As explained in Bloomberg, “the question is no longer if the world will transition to cleaner energy, but how long it will take.”

Related
Renewable Energy Is Our Only Hope
Moving Towards 100% Renewables in the US

Growth of Renewable Energy in 2015 and Beyond

One of the Best Years Ever for Renewable Energy in 2014

2014 Year End Review: Renewable Energy Achievements

The Promise of Renewable Energy in the US
Renewable Energy Can Replace Fossil Fuels
Renewable’s Predictable Pricing Trumps Volatile Oil
Renewables will Save us from the Scourge of Fossil Fuels

The Growth of US Renewables are Outpacing Fossil Fuels

Renewables Gaining on Fossil Fuels Despite Reports to the Contrary

Energy Economics: Cheap Oil Will Not Stop Renewables

Leading Companies Commit to Renewable Energy (RE100)
Corporations Go 100% Renewable for Climate Week NY
Economic Benefits of Renewable Energy and Efficiency
Graphics – Renewable Energy: Economic Benefits and Scaling 
Infographic – The Cost of Renewable Energy
2014 Year End Review: Climate and Energy Miscalculations
2014 US State Energy Legislation Review
State Renewable Energy: 2014 Business Facilities Rankings Report

ShareTweetShare
Previous Post

COP21 and Stranded Fossil Fuel Assets

Next Post

Throne Speech Reiterates Canada’s Commitment to Climate Action

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

Throne Speech Reiterates Canada's Commitment to Climate Action

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

American Politics

Biden Gets to Work on Climate Action

by Richard Matthews
January 21, 2021
0

On Wednesday January 20th America started writing a new chapter in the nation's long and storied history.  On day one...

Read more

Taking Stock of Trump’s Dismal Legacy

January 19, 2021

Corporate America’s Break Up with Trump & the GOP

January 15, 2021

Climate Change is Fueling Deadly Extreme Weather and Costly Climate Disasters

January 13, 2021
protected areas and new species on the map of the world

Summary of Positive Biodiversity Stories

January 11, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In