By Chris Nelder | GreenTech Media
The headline summary of the new Medium-Term Renewable Energy Market Report 2013 from the International Energy Agency (IEA) has been well reported: Renewables will surpass natural gas for electricity generation globally by 2016, doubling nuclear output and coming in second only to coal in power generation.
Total renewable capacity is expected to grow from 1,580 gigawatts in 2012 to 2,350 GW in 2018, while renewable electricity generation grows from 4,860 terawatt-hours to 6,850 terawatt-hours. Renewable generation will be 50 percent greater over the six-year forecast period than it was over the six years from 2006 to 2012.
It’s a remarkably bullish outlook compared to most forecasts. It’s particularly remarkable for the IEA, whose conservative outlook on renewables has historically lagged behind reality.
But the full report contains even more bullish details, which so far have gone largely unremarked-upon.
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
