http://www.canadianmanufacturing.com/sustainability/renewables-surging-in-electricity-market-cleantech-made-up-nearly-half-of-new-generating-capacity-in-2014-157525/
Renewables surging in electricity market: cleantech made up nearly half
of new generating capacity in 2014
IEA report highlights strong growth, bright outlook for clean energy
sources
November 11, 2015
PARIS—Renewable energy sources are living up the hype.
Wind, solar and other green sources of power accounted for nearly half
of the world’s new power generation capacity in 2014, and the surging
growth is unlikely to slow any time soon, the International Energy
Agency said in its latest World Energy Outlook report.
“In advance of the critical COP21 climate summit in Paris, there are
clear signs that an energy transition is underway,” the agency said.
With mandatory energy efficiency regulations now or soon to be in place
in countries making up more than one-quarter of the world’s global
energy consumption, and a significant number of climate pledges
submitted in advance of the upcoming Paris climate talks, a worldwide
commitment to addressing carbon dioxide emissions has set the stage for
renewables to become the leading source of the world’s energy supply by
2040, the report says.
The IEA expects power-sector renewables to overtake coal as the largest
source of electricity generation by the early 2030s. Meanwhile, it
forecasts the EU will generate 50 per cent of its electricity with
renewables by 2040; while China and Japan will attain 30 per cent; and
the U.S. and India 25 per cent by that date.
Despite the positive sentiment about the burgeoning sector, the IEA
warns “a major course correction” is still needed to address the world’s
climate goals.
Using the agency’s 2015 model, emissions will translate to a long-term
temperature increase of 2.7 C by 2100, making sustained action and a
strong outcome in Paris imperative to international climate goals.
[Report and other material available at:
http://www.worldenergyoutlook.org/ ]
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