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Renewable Energy

According to statistics published by the IRENA (International Renewable Energy Agency), the world’s renewable electricity production reached 1.700 GW in 2013, which represents 30% of the planet’s total production.

In its report titled “Rethinking Energy”, the Agency states that the world’s electricity production capabilities increased by 85% within the last few years, reaching 1.700 GW in 2013, which is also 30% of the global production.

In its report, IRENA emphasizes a series of new studies done on alternative energies. It plans on spreading information about this form of energy, adding that it can definitely sustain the ever-increasing world population, on top of being less expensive than the current form of electricity production.

IRENA also predicts that the world’s electricity production should increase by 70%, from 22.126 terawatt per hour (TWh) in 2011 to 37.000 TWh in 2030.

Furthermore, the development of renewable energies will participate greatly in the efforts to slow global warming by 2 degrees Celsius.

The development of renewable energies will help decrease costs Hydraulic, geothermal, and biomass energies have been becoming competitive for the last few years. As for solar and wind energies, they have had some difficulty to compete with charcoal, oil and gas, but has managed to reduce the cost in some European countries. The renewable energy technologies have increased in reliability and efficiency and today, they can generate electricity even in less-than-optimal conditions, such as days where there is less sunshine or wind. The price of photovoltaic solar energy dropped by 80% since 2008 and should continue to decrease, says the Agency. In 2013, commercial solar electricity reached network parity in Italie, Germany and Spain and will soon attain the same goal in France and Mexico. Better still, photovoltaic solar will compete more and more with the other resources without state funding. The cost of ground wind electricity dropped by 18% since 2009. And, with a 30% decrease in costs of turbines since 2008, this energy has become the new economical electricity source. Today, more than 100 countries use ground wind energy. Sea wind energy should develop quickly as the cost decreases. These developments, amongst others, made renewable energies attractive to several markets, states the report. In 2013, for the first time, new installations for renewable capabilities were more important in countries that were not members of the Economic Development Cooperation Organisation. In China, for example, the deployment of photovoltaic solar and wind was estimated, in 2013, at 27.4 GW, which means it was four times better than its highest ranking neighbor, Japan. Funding becomes simple

Government funding generally plays an essential role in the promotion of renewable energies. Nonetheless, with the continuing increase in technologies and the growth in budget pressure, the governments have diminished their support, states the Agency in its report.

On the other hand, the private financial establishments seem to want to invest more and more. The first private developers to intervene in this field invested eleven billion dollars in 2013, which means an increase of 200% compared to 2012.

Renewable energies, which were once dominated by large electricity companies, are now diversified, decentralized and distributed.

In Germany, nearly half of the renewable capabilities belong to the homeowners and the farmers and only 12% are owned by electricity companies.

New stocking technologies as well as technologies to manage demand are increasing in magnitude and will create a new industry of auxiliary intelligent devices.

IRENA recommends to rethink energy by going from a system dominated by a handful of centralised electricity companies to distributing and diversifying the energy. The consumers should also be producers and control the use of their energy.

The political leaders have the power to promote or block this perspective. Those who invest in renewable energy need stable and predictable legislation.

 

 

photo credit:  flickr.com

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