Renewable Energy: World Industry Facts

  • Renewable energy supplies 19% of the world’s final energy consumption.
  • Between the years 2004-2009, the capacity to produce renewable energy grew at rates anywhere between 10-60% for various technologies
  • By the year 2009, the number of countries that introduced policies to promote renewable energy grew to 85, up from 45 in 2005
  • Numerous national targets are for shares of electricity production, on average between 5-30%, although in some countries this number is as high as 90%. Other targets are for shares of total principal or final energy supply (on average 10-20%)
  • Renewable energy quotas have been introduced by 10 national governments and 48 provincial/state governments around the world. The following are renewable energy targets around the world:
    • Canada/USA- Reduce greenhouse emission by 17% by 2020
    • Europe- 20% of final energy supply from renewable energy by 2020
    • Brazil- 75% of energy supply from renewable energy by 2030
    • China- 15% of final energy supply from renewable energy by 2020
    • India- 20 billion watts of solar energy by 2020
    • Australia- 20% of energy supply from renewable energy by 2020
  • The most common policy around the world is the feed-in tariff. By early 2010, over 50 countries and 25 provinces/states had a fit program, with the number expected to increase dramatically in the future