NEW ENERGY IS 22% OF WORLD ELECTRICITY, & GROWING

Renewable energy capacity grows at fastest ever pace; Green technologies now produce 22% of world's electricity

Terry Macalister, 28 August 2014, (UK Guardian)

“Wind, solar and other renewable power capacity grew at its strongest ever pace last year and now produces 22% of the world's electricity, [according to Renewable Energy Medium-Term Market Report 2014 from] the International Energy Agency…More than $250bn (£150bn) was invested in ‘green’ generating systems in 2013…Hydro and other green technologies could be producing 26% of the world's electricity by 2020…They are already used as much as gas for generating electrical power…But the total level of investment in renewables is lower now than a peak of $280bn in 2011 and is expected to average only $230bn annually to the end of the decade unless governments make increasing policy commitments to keep spending higher…The current growth rate for installing new windfarms and solar arrays is impressive but the IEA believes it is not enough to meet climate change targets…” click here for more

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