11 May '11, 12am

IPCC special report finds renewables coulc meet over three quarters of global energy needs in 2050

The political challenges (especially here in the U.S.) are also a major barrier – and depending on the stability of policies in place, will determine how much private capital is deployed to renewables. According to last year’s Global Renewables Status report from REN 21, there are over 85 countries with some sort of renewable energy promotion policy in place. That’s up from 45 countries in 2005. However, due to the changing economics of renewable energy (particularly solar PV ) and the impact of government debt crises, many countries are having to re-evaluate their policies, causing boom-and-bust cycles for project development. Determining the most effective policies that reduce government debt burdens, limit the cost to ratepayers and create simplicity in the market is still an evolving concept – and, as outlined by the IPCC report, will vary depending on the region, coun...

Full article: http://climateprogress.org/2011/05/10/ipcc-renewables/

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