39323
Renewable Energy Growth to Slow
Energy

Renewable Energy Growth to Slow

Clean energy growth rates will slow even as falling costs buoy renewable power technologies in the wake of last year’s climate accord committing 195 countries to reduce pollution, BMI Research said in a report. Renewable energy capacity, excluding hydropower, is expected to increase 11% this year, bringing the total global capacity to more than 830 gigawatts, according to BMI, a unit of the Fitch Group. Growth will slow to 7% between 2016 and 2025 after averaging 21% from 2006 to 2015, Bloomberg reported. “The pace of growth compared to historic levels is slowing—in part due to base-effects, but also as mature renewables markets reign in support for renewable energy and adopt more sustainable mechanisms to encourage investment,” BMI said, forecasting non-hydro renewable capacity of 1,436 GW by 2025. Governments are increasingly switching to auction systems rather than fixed feed-in tariffs to provide investment incentives, according to the report. Asian countries led by China and India are expected to attract the most new investments.

 

Short URL : http://goo.gl/v01jKf
  1. http://goo.gl/t0TAOJ
  • http://goo.gl/ufTbTY
  • http://goo.gl/Z7bbzU
  • http://goo.gl/Env7ny
  • http://goo.gl/GwdgzS

You can also read ...

BP: Electric Vehicles to Cut Oil Consumption
The emergence of self-driving electric cars and travel sharing...
OPEC Deal Closer to Market Rebalancing
The OPEC deal is closer than ever to meeting its market...
Brent, WTI Prices Slide Over Higher US Production
Oil prices fell on Wednesday, weighed down by a rebound in the...
SP Phases 17-18  Output Increases
Major overhaul operations in phases 17 and 18 of the giant...
The lion's share of petrochemical exports is bound for China, India and South Korea.
Boosting the country's petrochemical revenues entails...
NISOC in Close Cooperation With Domestic Academic Centers
National Iranian South Oil Company can implement complicated...
Special Devices for Gas Regulating Stations
Some 150 natural gas pressure regulating stations have been...

Trending

Googleplus