Wednesday, 8 April 2015

Renewable Energy Demand to Significantly Outgrow Fossil Fuels in 2015

According to a report in The Economist, global demand for renewable energy is predicted to increase at a much faster rate than traditional 'dirty' non-renewable energy sources.

Renewable energy is expected to increase by 13% in 2015 to help satisfy the developing world's increasing energy needs. Compare that to coal and petroleum which are predicted to grow at less than 2%:


Total energy needs will grow at just over 2% which means that over time, renewable sources are grabbing an increasingly larger slice of the pie of our overall energy needs, albeit starting from a much lower base.

This is partly driven by initiatives like the forthcoming global climate change treaty, replacing the Kyoto Protocol, which is likely to be signed at the 2015 United Nations Climate Change Conference (UNFCCC) in Paris. The countries of the UNFCCC agreed in 2011 to negotiate a global legally binding agreement by 2015, to come into force by 2020.

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