by Brianna Crandall — October 6, 2014—Research and Markets has announced the addition of the Global Renewable Energy: 2009 – 2018 report by Gyan Research and Analytics Pvt. Ltd to its online offerings.
According to the report, the renewable energy sector has the potential to double its present share, but that requires action from all regions. The U.S. Energy Information Administration (EIA) estimates that about 10 percent of world energy consumption is from renewable energy sources, with a projection of 14 percent by 2035. That renewables is the fastest growing energy source for actual electricity production globally, increasing at 3.1 percent per year, is indication of its outlook.
Global investments in renewable energy dropped for a second successive year to $254 billion in 2013, an 11 percent decrease from 2012 levels, shows the report. The decline was reflected in a sharp fall in solar system prices, and the effect of policy uncertainty in many countries. Looking at global investment in clean energy sector-wise, wind saw a small decline to $80.3 billion in 2013 from $80.9 billion in 2012, while there was a more pronounced reduction in solar, to $114.7 billion from $142.9 billion.
According to the report, the governments of several countries are focusing on policy framework to create a congenial environment for the growth of the renewable energy market. Around 138 countries across the world had set renewable energy targets for the end of 2012. The Fukushima nuclear disaster in Japan impelled many countries to develop policies for the development of sustainable energy sources. Feed-in-tariffs (FITs) and renewable portfolio standards (RPS) are the most common policies being adopted by a majority of the countries that have renewable energy policies.
Key topics covered include: The Cost of Going Green, Cost Analysis of Renewable Power Generation, Regional Overview, Opportunities for Renewable Energy in Manufacturing Sector, Major Players and Outlook.
