Bali, 8 December 2007 - “Mainstream” Renewable Energy
Continues Double-digit Growth
- Best option to mitigate carbon emissions
In less than a decade since the Kyoto Protocol was adopted, renewable
energy has evolved rapidly from an ‘alternative’ source of energy to a
mainstream energy option, according to the
REN21 Renewables Global
Status Report 2007.
Compared to a total global power capacity of 4,300 GW, the report finds
renewable energy (without large hydro) now provides about 240 Gigawatts
(GW) of clean power.
REN21 Renewables 2007 Global
Status Report (pre-publication summary)
“What’s needed now are binding targets in an international agreement
to establish polices that can rapidly accelerate the large-scale
deployment of renewable energy to replace fossil fuels,” said Mohamed
El-Ashry, head of the global policy network REN21 that produced the
report with the Worldwatch Institute.
Achim Steiner, UN Under-Secretary General and Executive Director of
United Nations Environment Programme (UNEP), which houses the REN21
secretariat, said “Renewable energy can make a significant contribution
to de-carbonizing the global economy and its contribution to combating
climate change is now really beginning to emerge."
“I call on governments to send market signals that will accelerate the
use of renewable energy even further and to also reverse the declines in
research and development spending so as to accelerate the
commercialization of other renewables waiting in the wings,” he said.
The new report follows two earlier Global Status Reports in 2005 and
2006, and shows that renewable energy sources continue their strong
double-digit growth in 2007.
Growth Rates 2006:
Wind: 25-30%
Solar: PV 50-60%
Solar Thermal: 15-20%
Biofuels: 15-20% |
- Wind energy has the largest share of renewable energy investment and
continues to grow at 25-30% per year to reach more than 90 GW cumulative
capacity in 2007 – 11 times the capacity in 1997.
- Grid-tied electricity from solar photovoltaic technology (solar PV)
continues to grow at 50-60% annual rates, and now accounts for almost 8
GW.
- Solar hot water systems now provide hot water to more than 50 million
households worldwide and 25 million rural households benefit from biogas,
small wind power, household solar power, and other technologies.
“With more than 70 countries installing wind power and biomass power
generation expanding in more than 40 countries, renewable energy is
clearly a global sector”, said El-Ashry, adding “growth is being driven
by policies to promote renewable energy, which have mushroomed over the
past few years.”
More than 50 countries worldwide have adopted targets for future shares
or amounts of renewable energy, including 13 developing countries, all
EU countries, and many states/provinces in the US and Canada. At least
56 countries now have some type of renewable energy promotion policy,
and 44 countries, states, and provinces have enacted
renewable-portfolio-standards requiring future shares of power
generation.
Pointing to an earlier report this year by the UNEP Sustainable Energy
Finance Initiative (www.sefi.unep.org), El-Ashry said “the $100 billion
of global investment in the sector during 2006 is a vote of confidence
by investors.”
Virginia Sonntag-O’Brien from UNEP SEFI and REN21 said that as the
numbers for renewable energy continue to escalate, there seems to be “a
disconnect between the markets and policy makers and negotiators”.
“In terms of options to mitigate carbon emissions, renewable energy is
here now, unlike other options. There is no such thing as ‘clean coal’
today, and it is likely to be more than a decade before any advanced
technology to capture and store carbon can be widely deployed” she said.
The
2007 Renewables Global Status Report concludes that current
trends are set to continue as the costs of renewable energy technologies
decline and the sector continues to diversify production and technology
development to a broad base of countries, including emerging economies.
With more than 2.5 million jobs in the renewable energy industry, and
strong rural development benefits, renewable energy is an avenue to
economic development, energy security, local environmental benefits, and
climate change mitigation.
