Record Year for Renewables in 2014
Renewable energy continued to grow globally in 2014 despite rising energy use and a dramatic decline in oil prices during the second half of the year according to the latest report from REN21. The report attributed this to the growth in renewable energy and improvements in energy efficiency.
Renewable energy provided an estimated 19.1% of global final energy consumption in 2013, and growth in capacity and generation continued to expand in 2014.
The largest increase in capacity and the most rapid growth was led by wind, solar PV, and hydropower.
The Renewables 2015 Global Status Report found that for the first time in four decades, while the global economy grew, global carbon emissions associated with energy consumption remained unchanged from 2013 levels.
There were record installations for wind and solar PV in 2014, while renewable energy targets and other support policies were created in 20 more countries, bringing the total to 164.
The report stated that this support powered the growth of solar, wind and other renewable technologies to a record-breaking energy generation capacity last year of around 135GW of added renewable energy power. The total installed capacity increased to 1712GW, up 8.5% from the year before.
While Europe continued as an important market and innovation centre, activity in renewables moved towards other parts of the globe,. China led the world in new renewable power capacity installations in 2014, while South Africa, India and Brazil were responsible for a large share of the capacity added in their respective regions.
Developing countries across Africa, Latin America and Asia stepped up to become significant manufacturers and installers of renewable energy technologies.
Releasing the report at the Vienna Energy Forum, REN21 chair Arthouros Zervos said: “Renewable energy and improved energy efficiency are key to limiting global warming to two degrees Celsius and avoiding dangerous climate change.”
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