EIA: Renewable Energy Grows Fastest

[Graeme]

EIA: Renewable Energy Grows Fastest Among All Generation Sources

The U.S. Energy Information Administration (EIA) has released its International Energy Outlook 2011 (IEO2011) report, which shows an average 2.3% annual increase in global demand for electricity through 2035.

This growth, which will be most pronounced in developing nations, ultimately reflects a net global electricity generation total of 25.5 trillion kWh in 2020 and 35.2 trillion kWh in 2035. These figures compare to a total of 19.1 trillion kWh in 2008, according to the EIA.

Among the study's most compelling findings is that renewable energy is projected to be the fastest growing source of electricity generation globally. Total generation from hydroelectric, wind, geothermal and other renewable generation resources will increase by 3.1% annually through 2035, and renewable energy's share of global electricity generation will grow from 19% in 2008 to 23% in 2035.

renewgridmag

[Graeme]

10 Reasons Renewable Energy May Beat the Projections

But the International Energy Outlook is quick to point out that it doesn’t take into account any policy changes that may affect the energy mix across the world. The renewable industry knows better than anyone that policy is king, and that the success of a growing industry is tied directly to that government support.

The world currently revolves around prices for fossil fuels, especially oil. There are other factors at play, though, that could make renewable energy a bigger player in the decades ahead.

Third World Emergence:

Grid Parity and New Technology:

EPA Rules and Retiring Coal Plants:

Nuclear Concerns:

Partnership With Gas:

Military Leading the Way:

A New Wave of Marketing:

Building Standards:

Growth Through Crisis:

Carbon Markets:

renewableenergyworld