Report predicts renewable energy to double by 2030
Renewable energy supply is set to double in eight major economies by 2030, according to a new report by World Resources Institute.
The report, Assessing the Post-2020 Clean Energy Landscape, looks at plans from eight of the 10 largest greenhouse gas emitters—Brazil, China, European Union, India, Indonesia, Japan, Mexico and the United States—and finds that their cumulative clean energy supply will jump from approximately 9,000 TWh in 2012 to 20,000 TWh in 2030.
It predicts the European Union will achieve at least a 27% share of renewable energy consumption by 2030.
“These new renewable energy targets send strong signals to energy markets and investment circles,” said the Institute’s Global Director, Climate Program, Jennifer Morgan.
“Combined with the Paris climate agreement, it’s clear that renewable energy is poised to surge forward in the next 15 years bringing clean and affordable power to millions of people worldwide.”
The report also predicts that Brazil will achieve 45 % of renewables in their energy mix by 2030 and
India will achieve about 40% cumulative electric power installed capacity from non-fossil fuel energy resources by that point.
And the report also found that several smaller countries, including Belize, Bolivia and Eritrea also plan to increase their use of renewable energy over the next few years.
Jamie Hailstone is a freelance journalist and author, specializing in local government, transport and energy issues