30 Jun '13, 9pm

Renewable Energy to Beat Gas in Power Mix by 2016, IEA Says

NEW YORK CITY -- Renewable energy may supply more electricity than nuclear reactors or natural gas by 2016, spurred by declining costs and growing demand in emerging markets, the International Energy Agency said. Wind, solar, bioenergy and geothermal use may grow 40 percent in the next five years, double the 20 percent pace in 2011, the Paris-based organization said today in a report on the industry. Excluding hydropower, cleaner sources of energy may reach 8 percent of total world electricity generation capacity by 2018, compared with 4 percent in 2011, the IEA said. The findings are another indication that renewables increasingly are rivaling fossil fuels on price without subsidy as the cost of wind and solar technologies declines. The report suggests ways that governments can do more to reduce the pollution blamed for global warming. “Renewable power sources are increas...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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