$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 3 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...

2 days 9 hours ago

(3BL Media/Justmeans) - Over the years, alcohol and drug-related problems have continued to grow in China. If the current trend continues, these addictions could have a major impact on this vast nation.

2 days 13 hours ago

(3BL Media/Justmeans) – Technological advancements in prosthetics reached a new level when a lengthy public debate arose on whether double-amputee Oscar Pistorius had an unfair advantage over other athletes in the 2012 summer Olympics! That is an excellent testimony to the potential power of prosthetics for people around the world who need them. However, the fact remains that the prosthetics technology still has a long way to go before it can match the abilities of natural limbs.

2 days 19 hours ago


(3BLMedia/Justmeans) - Physicist Amory Lovins has been at the leading edge of energy alternatives since well before most people ever heard of climate change. Far from an idealist, he is a hard-nosed scientist who has done the math to show what is possible if we are willing to think outside the box. His two latest books, Winning the Oil Endgame, and Reinventing Fire, lay out in detail the ways that our society can wean itself off of oil, coal and nuclear through a smart...

2 days 23 hours ago

hanesHanes, the clothing company, will be receiving for the second consecutive time the coveted Energy Star Sustained Excellence for 2013, and receiving recognition from Energy Star for the fourth consecutive year. The award is given to companies with a sustained track record in sustainability leadership.

3 days 8 min ago

(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.