Ron Pernick, March 12, 2013 (Clean Edge)
“…[As highlighted in] Clean Energy Trends 2013 report, the fundamental global market drivers for clean technology remain largely intact. Intensifying resource constraints loom large. Unprecedented climate disruption in the U.S. and abroad is putting resiliency and adaptation front and center. And President Obama has signaled a strong commitment to expanding clean energy and energy efficiency in his second term, calling for another doubling of renewable power by 2020. Similar commitments exist in China, Japan, and the European Union… “…[But] combined global revenue for solar PV, wind power, and biofuels expanded just one percent, from $246.1 billion in 2011 to $248.7 billion in 2012…Biofuels (global production and wholesale pricing of ethanol and biodiesel) reached $95 billion in 2012, up from $83 billion the previous year. From 2011 to 2012, global biofuels production expanded from 27.9 billion gallons to 31.4 billion gallons of ethanol and biodiesel…”
click to enlarge“…Wind power (new installation capital costs) expanded to $73.7 billion in 2012, up from $71.5 billion the previous year. Global wind capacity additions totaled 44.7 GW (gigawatts) in 2012, a record year led by more than 13 GW added in both China and the U.S., and an additional 12.4 GW of new capacity in Europe…Solar photovoltaics (including modules, system components, and installation) decreased from a record $91.6 billion in 2011 to $79.7 billion in 2012 as continued growth in annual capacity additions was not enough to offset falling PV prices. While total market revenues fell 19 percent – the first PV market contraction in Clean Energy Trends’ 12-year history – global installations expanded to a record of 30.9 GW in 2012, up from 29.6 GW the prior year… “…[W]e project these three sectors will continue to grow over the next decade, nearly doubling from $248.7 billion in 2012 to $426.1 billion in 2022…Renewables and natural gas made up more than 80 percent of new electricity capacity additions in the U.S. in 2012, with renewables coming in at 49 percent and natural gas at 33 percent. For the European Union, the renewables number is even higher, with solar in the driver’s seat…[A] new focus on deployable and proven technologies reflects the maturation of an industry that was a mere blip on the economic radar just a decade ago, but today represents the largest slice of new electricity capacity additions in the U.S. and European Union…[Sustaining the momentum will require] new models and a leveling of the playing field…and, in the face of entrenched interests, a great deal of steadfast commitment and endurance.”
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