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Fwd: Renewable Energy Will Exceed Natural Gas Use Worldwide by 2016

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  • Thiagarajan Arunachalam
    From: *MD Kini* ** Renewable Energy Will Exceed Natural Gas Use Worldwide by 2016 By Chris Rose A new report from the International Energy Agency
    Message 1 of 1 , Jul 5, 2013
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      From: MD Kini



      **
        Renewable Energy Will Exceed Natural Gas Use Worldwide by 2016

      By Chris Rose

      A new report from the International Energy Agency <http://www.iea.org/> (IEA),
      stating that global power generation from hydro, wind, solar and other
      renewable sources will exceed that of gas and be twice that of nuclear by
      2016, is receiving widespread news coverage.

      Renewable power is expected to increase by 40 percent in the next five
      years, according to the IEA’s second annual *Medium-Term Renewable Energy
      Market Report* <http://www.iea.org/textbase/npsum/mtrenew2012Sum.pdf>*
      *launched
      last Wednesday in New York.

      According to the report,
      renewables<http://ecowatch.com/p/energy/renewable-energy-energy/> 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 percent in
      2011.

      In addition, the report found that the share of non-hydro sources such as
      wind, solar, bioenergy and geothermal in total power generation will
      double, reaching 8 percent by 2018, up from 4 percent in 2011 and just 2
      percent in 2006.

      “As their costs continue to fall, renewable power sources are increasingly
      standing on their own merits versus new fossil-fuel generation,” IEA
      Executive Director Maria van der Hoeven said as she presented the report at
      the Renewable Energy Finance Forum.

      “This is good news for a global energy system that needs to become cleaner
      and more diversified, but it should not be an excuse for government
      complacency, especially among OECD [Organization for Economic Co-operation
      and Development] countries.”

      According to an IEA press
      release<http://www.iea.org/newsroomandevents/pressreleases/2013/june/name,39156,en.html>,
      the report warns that renewable development is becoming more complex and
      faces challenges—especially in the policy arena.

      Van der Hoeven added “policy uncertainty is public enemy number one” for
      investors.

      “Many renewables no longer require high economic incentives. But they do
      still need long-term policies that provide a predictable and reliable
      market<http://ecowatch.com/2013/renewable-energy-implementation-required-to-reach-targets/>
      and
      regulatory framework compatible with societal goals,” she said.  “And
      worldwide subsidies for fossil fuels remain six times higher than economic
      incentives for renewables.”

      Steve Sawyer, secretary general of the Global Wind Energy
      Council<http://www.gwec.net/>
       (GWEC), speaking<http://www.gwec.net/renewables-surpass-gas-2016-global-power-mix/>
      from
      the Asia Clean Energy Forum in Manila, said that the IEA’s medium-term
      projections for the growth of wind energy are more or less in line with
      GWEC’s.

      “This excellent snapshot of the global renewables market and shows that a
      renewable energy future is not only possible, but we are getting there—and
      faster than many think.”

      The report was released one day after U.S. President Obama spoke in
      Washington<http://ecowatch.com/2013/obamas-climate-plan-must-ditch-all-above-energy-policy/>
      about
      the need for Americans to recalibrate their energy use and begin dealing
      with the consequences of climate change.

      Noting about 40 percent of U.S. carbon pollution comes from domestic power
      plants, Obama said he wants the nation to double the amount of energy from
      clean and renewable sources, such as wind and sun.

      This article was published at NationofChange at:
      http://www.nationofchange.org/renewable-energy-will-exceed-natural-gas-use-worldwide-2016-1372861668.
      All rights are reserved.


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