renewables

Renewables Coming Online Way Ahead of Schedule

(3BL Media/Justmeans) - Efforts to address the increasingly pressing climate challenge with rational policy continue to languish in Washington, as willfully ignorant conservatives continue to choose donor loyalty over science. But based on the surprisingly robust growth of renewable energy, you almost wouldn’t know it. It seems to be the case that if the government won't make us do it, we're just going to have go ahead and do it anyway. Indeed it seems as if we've done a far better job than anyone expected.

A new study conducted by the SUN DAY campaign, projects that electricity generation from renewable sources will reach 16% of the total by 2018. This is 22 years sooner than that predicted by US Energy Information Administration.

Using The EIA’s own data, the study was able to show that if renewables continue to grow at the present rate, they will outperform the EIA’s projections by a wide margin.

Considering the fact that between the years 2009 and 2013 renewables grew from less than 9% to nearly 13%, it’s hard to imagine that it would take until 2040, as the EIA forecast predicts, to reach 16%. Granted, there are obstacles to face and much low-hanging fruit has been harvested, but given the compelling combination of low prices, growing investment, available innovative financing, built-in cost resiliency, energy security, and the moral imperative to take meaningful action, there seems to be no stopping them now. A more realistic assessment, according to the SUN DAY report, shows us reaching 16%, conservatively, in five years, and possibly in as little as four, certainly not the 27 years that EIA claims.

This is a “disservice to the public,” says Ken Bossong, Executive Director of the SUN DAY Campaign. “Inasmuch as policy makers in both the public and private sectors - as well as the media and others - rely heavily upon EIA data when making legislative, regulatory, investment, and other decisions, underestimation can have multiple adverse impacts on the renewable energy industry and, more broadly, on the nation's environmental and energy future.”

Indeed, Bloomberg estimates that investment in renewables should be expected to grow by somewhere between two and a half and four and a half times by 2030. That number is 35% more than their previous forecast that was made just a year ago. This underscores the fact that renewables are growing faster than anyone had predicted.

World Economic Forum Releases 2013 Energy System Rankings

The World Economic Forum just released their rankings for this year’s Energy Architecture Performance Index (EAPI). The report ranks the energy systems of 124 countries from the perspective of Economic Growth and Development, Environmental Sustainability, and Energy Access and Security. They refer to these three perspectives as the “energy triangle."

Three Paths to Canadian Clean Energy Competitiveness

wind_turbinesWhile growing and vibrant, Canada’s clean energy industry currently holds 1% of the $1 trillion global clean tech market—an industry that will triple in size by 20201.

New Home(s) For UK Green Investment Bank

offshore-wind-turbines£3bn of UK taxpayers money has been allocated to help businesses finance early-stage, new and untested renewable energy projects through the Green Investment Bank (GIB), which will incidentally, be the world’s first bank dedicated to supporting a low carbon economy.

World’s Carbon Concentration Highest in Last 800,000 Years

3066904589_05f08c642e_b"For the first time we have made no improvement in our rate of decarbonization. We have in fact increased the carbon intensity of growth." -- State of Green Business Report 2012

Air Force: Science and Regulation Dovetail to Give Wind Power a Boost

flowe_24_small"The global wind power available 30 feet off the ground is greater than the world's electricity usage, several times over." -- John Daibri, California Institute of Technology."

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