$250 Billion Invested in Renewable Power Electricity Generation in 2013

22% of the world’s electricity is now produced by renewable power, says the International Energy Agency in a just released report. That percentage is supported by $250 billion in investment in clean tech generation systems made in 2013. Hydro, wind, and solar are now on track to produce 26% of the world’s electricity by 2020, according to the IEA’s third annual Medium-Term Renewable Energy Market Report. While the percentage and the investment total are impressive, the report cautions that the total level of investment in renewables is projected to average only $230 billion annually going forward, due to uncertainties about public policy support. And the kicker: the current growth rate is not enough to meet climate change mitigation targets. It’s time for strong policies from governments toward new, higher goals that give business what it needs: firm commitments to renewable sources as the power of the future.

John Howell, Editorial Director

News & Blogs

2 days 14 hours ago

A recent article in The Economist describes a blog post by Charles Frank of the Brookings Institute in which he questions the  methods that have been used to compare renewable energy sources with more traditional sources like coal, gas and nuclear.

Drawing on the work of Paul Joskow of MIT, Frank claims that the generally accepted levelized cost models, which essentially divide the total...

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3 days 31 min ago

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3 days 11 hours ago

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(3BL Media/Just Means) - ​Clear labeling is an important tool for consumer education on the content of their purchases. As public demand for socially responsible and ecological credibility grows, communicating those aspects of a product is a must.