Thursday, 2 August 2007

The future is renewable

The energy mix of the future will be more regenerative and sustainable. The generation and storage of renewable energy will be the fastest growing sector in energy market for next 20 years. The market volume of renewable energy worldwide will increase from US$ 95.8 billion in 2007 to US$ 124.4 billion in 2010 and reach US$ 198.1 billion in 2015. These figures and developments are based on the whole value chain. The energy efficiency will increase by 1 to 3 percent per year and there will be more then 120000 direct jobs by 2010 and two times more indirect.

The major market driving forces.

Climate change and economic damage depending on the country between 1 and 5 percent of the gross domestic product. The governmental policy and social awareness. In many countries, environmental protection and energy security are the key political concerns which favour the use of clean energy. In most countries governments sponsor programs for using hydropower, wind power and biomass as well as set regulations & standards for emission so that biofuel, solar energy, hydrogen based energy and other environmental friendly energy are adopted.

Second is the pricing factor. Whereas the oil and gas price is rising in the long term and extremely volatile, the price for renewable energy is stably going downward. The material benefits will naturally attract more and more industrial and residential consumers.

1 comment:

lindsaylobe said...

It certainly is, but precious little effort was involved at the government sector level in Australia until fairly recently.
Best wishes