IEA Report Predicts 40 Percent Increase in Renewable Energy Over Next 5 Years

The International Energy Agency (IEA) recently published a report that predicts continued rapid growth in renewable energy over the next 5 years – increasing by more than 40% by 2017. The report says that despite economic uncertainties in many countries, global power generation from hydropower, solar, wind and other renewable sources is projected to increase to almost 6 400 terawatt hours (TWh) – or roughly one-and-a-half times current electricity production in the United States.

solar panels ssThe new study, Medium-Term Renewable Energy Market Report 2012, examines in detail 15 key markets for renewable energy, which currently represent about 80% of renewable generation, while identifying and characterising developments that may emerge in other important markets. It completes a series of IEA medium-term market reports also featuring oil, natural gas and coal.  Like the others, it presents a forecast of global developments and detailed country projections over the next five years.

The report says that renewable electricity generation should expand by 1 840 TWh between 2011 and 2017, which is almost 60% above the 1 160 TWh growth registered between 2005 and 2011. Renewable generation will increasingly shift from the OECD to new markets, with non-OECD countries accounting for two-thirds of this growth. Of the 710 GW of new global renewable electricity capacity expected, China accounts for almost 40%. Significant deployment is also expected in the United States, India, Germany and Brazil, among others.

“The Medium-Term Renewable Energy Market Report provides a bottom-up, country-level forecast which analyses in detail the factors which will shape the growth of the sector over the next five years. It is a unique and key benchmark for both public and private decision makers, as it assesses the expected role of renewables in the context of national power systems, taking into account existing market and policy frameworks,  and  competing technologies” said IEA Executive Director Maria van der Hoeven.

Source: IEA

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5 Responses to “IEA Report Predicts 40 Percent Increase in Renewable Energy Over Next 5 Years”

  1. Atto August 15, 2012 at 10:08 pm #

    I drove 10,000 miles last year. I used 200 gallons or 757 litres of gasoline. Had E85 been available at more places, I would have used about 100 gallons or 378 litres of gasoline. I have a 2005 flex fuel vehicle. Flex fuel vehicles have been available since 1998. Until something better comes along, ethanol is better than gasoline. It’s not a perfect solution but gasoline is less perfect. Why people from Iowa are still using 90% or 100% gasoline is beyond me. E85 is 105 octane. It does not hurt a flex fuel vehicle. Also, synthtetic oil is better than mineral oil for cars. It does not have long polymers that get cut and turn the oil a watery consistency. Synthetics were developed because they can stand higher temperatures. They are used in jet engines. They are better for cars. The option of getting off 90% of our gasoline usage is available now. What are we waiting for? More oil from the oil sands?

  2. Marty Walters August 16, 2012 at 3:05 pm #

    Excellent point. Conservation is key. Energy efficient alternatives are out there, but are not being used.
    Example: consider that globally, 40% of energy is consumed by buildings, more than all transportation sectors combined.
    The Advanced Energy Design Guides (co-produced by US Green Building Council (USGBC), US Department of Energy (USDOE), American Society of Heating, Refrigeration, and Air-conditioning Engineers (ASHRAE), and the American Institute of Architects (AIA), recognize insulated thermal mass
    (insulation exterior to thermal mass) as the most energy efficient insulation configuration for mass walls in all climate zones.
    Insulated thermal mass heats and cools buildings for a fraction of the energy of conventional materials and methods, and fulfills the cardinal rule of energy efficient design: reduce the building energy load through passive means. It is less expensive than most energy efficient envelopes, and puts the insulation in the most efficient place, unlike 95% of walls built today.
    Insulated thermal mass offers rapid payback, competitive pricing, and a low tech, instant solution.
    So what happens? Nothing.

  3. Negrito August 17, 2012 at 4:06 am #

    Water, solar, and wind.Oddly enough the most comnomly found and under-utilized is probably methane. From human sewer systems to landfills, from animal production farms to compost production systems, there is a readily renewable source of methane. A number of folks consider methane to be less than environmentally friendly as its use does generate CO2. A number of folks consider it to be less than practical because one one source is likely to be a sole solution for an area/greater. A number of folks discount it because it is not necessarily a magic bullet that can be sold as the solution for use by all across the country, nor particularly by a private utility company. Still it exists and is not particularly being used for productive purposes.

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