Global renewable energy share rising, despite fossil fuel subsidies
Global renewable energy share in 2035: 18%, Renewable Energy Focus, 14 November 2011 The renewable energy share of the global energy mix could rise from 13% in 2010 to 18% in 2035, according to the International Energy Agency’s (IEA) 2011 World Energy Outlook. By Kari Williamson The rise in renewable energy would be underpinned by subsidies rising from US$64 billion in 2010 to US$250bn in 2035, in the New Policies Scenario. In comparison, the fossil fuel subsidies in 2010 amounted to US$409bn.
The share of non-hydro renewables in power generation is to increase from 3% in 2009 to 15% in 2035 with annual subsidies rising almost five time to US$180bn. The growth will be drive by the EU and China. The share of hydropower will remain at around 15%, led by China, India and Brazil accounting for almost half of the 680 GW of new capacity….. http://www.renewableenergyfocus.com/view/21984/global-renewable-energy-share-in-2035-18/
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