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IEA: Clean energy to overtake gas by 2016
IEA: Clean energy to overtake gas by 2016
Rapid growth of sector puts it in line to make up 25 per cent of global electricity production in five years' time
By Will Nichols 26 Jun 2013
Clean energy will overtake gas in the global electricity mix by 2016, making it the world's second largest power source behind coal, the International Energy Agency (IEA) has predicted.
Renewables growth continues to "beat expectations" and by 2018 it will make up a quarter of the global power mix, the Paris-based organisation predicts in its second annual Medium-Term Renewable Energy Market Report (MTRMR).
The agency said that global renewable generation in 2012 stood at 4,860TWh, greater than the total estimated electricity consumption of China, and grew at around eight per cent over the year.
The IEA now expects the growth in renewable power capacity to continue, increasing by 40 per cent over the next five years.
Hydroelectricity will account for the bulk of the growth in renewables capacity, although the IEA said the global share of wind, solar, bioenergy and geothermal power will also double from four per cent in 2011 to eight per cent in 2018. Just five years ago, the share of renewable energy excluding hydropower stood at just two per cent...
Rapid growth of sector puts it in line to make up 25 per cent of global electricity production in five years' time
By Will Nichols 26 Jun 2013
Clean energy will overtake gas in the global electricity mix by 2016, making it the world's second largest power source behind coal, the International Energy Agency (IEA) has predicted.
Renewables growth continues to "beat expectations" and by 2018 it will make up a quarter of the global power mix, the Paris-based organisation predicts in its second annual Medium-Term Renewable Energy Market Report (MTRMR).
The agency said that global renewable generation in 2012 stood at 4,860TWh, greater than the total estimated electricity consumption of China, and grew at around eight per cent over the year.
The IEA now expects the growth in renewable power capacity to continue, increasing by 40 per cent over the next five years.
Hydroelectricity will account for the bulk of the growth in renewables capacity, although the IEA said the global share of wind, solar, bioenergy and geothermal power will also double from four per cent in 2011 to eight per cent in 2018. Just five years ago, the share of renewable energy excluding hydropower stood at just two per cent...
http://www.businessgreen.com/bg/news/2277313/iea-clean-energy-to-overtake-gas-by-2016