“Developing and emerging economies account for 70% of countries globally which support Renewable Energy uptake through relevant policies and actions,”comments Emani Kumar, ICLEI – Local Governments for Sustainability Deputy Secretary General and ICLEI South Asia Executive Director on the newly released Renewables 2014 Global Status Report.
The latest edition of the annual Renewables Global Status Report was launched at the UN-hosted Sustainable Energy for All in New York by the Paris-based Renewable Energy Policy Network for the 21st Century (REN21). The 2014 report, of which ICLEI – Local Governments is a contributor, credits support policies with a central role in driving global renewable energy capacity to a new record level last year — 1,560 gigawatts (GW), up 8.3% from 2012. More than 22 % of the world’s power production now comes from renewable sources.
The number of emerging economy nations with policies in place to support the expansion of renewable energy has surged more than six-fold in just eight years, from 15 developing countries in 2005 to 95 early this year. Those 95 developing nations today make up the vast majority of the 144 countries with renewable energy support policies and targets in place. The rise of developing world support contrasts with declining support and renewables policy uncertainty and even retroactive support reductions in some European countries and the United States.
Additional highlights of the report include:
- Overall last year, renewable electricity capacity achieved a new record level, jumping 8.3% and accounting for more than 56% of net additions to global power capacity: renewables meet almost one-fifth of world final energy consumption.
- Hydropower rose by 4% to approximately 1,000 GW in 2013, accounting for about one-third of renewable power capacity added during the year. Other renewables collectively grew nearly 17% to an estimated 560 GW.
- Renewable energy provided 19% of global final energy consumption in 2012, and continued to grow in 2013. Of this total share in 2012, modern renewables accounted for 10% with the remaining 9% coming from traditional biomass the share of which is declining.
- Even as global investment in solar PV declined nearly 22% relative to 2012, new capacity installations increased by more than 27%. The solar PV market had a record year, adding about 38 GW in 2013 for a total of approximately 138 GW.
- Heating and cooling from modern biomass, solar, and geothermal sources account for a small but gradually rising share of final global heat demand, amounting to an estimated 10%.
- Global new investment in renewable power and fuels was at least USD 249.4 billion in 2013 down from its record level in 2011.