From: REN 21 , The Ecologist, More from this Affiliate
Published June 2, 2016 10:04 AM

Renewable Energy Closes "The Gap"

The Renewables Energy Policy Network for the 21st Century - shows that renewables are now firmly established as competitive, mainstream sources of energy in many countries around the world, closing the gap between the energy haves- and have-nots

2015 was a record year for renewable energy installations. Renewable power generating capacity saw its largest increase ever, with an estimated 147 gigawatts (GW) added. Modern renewable heat capacity also continued to rise, and renewables use expanded in the transport sector. Distributed renewable energy is advancing rapidly to close the gap between the energy haves- and have-nots.

These results were driven by several factors. First and foremost, renewables are now cost competitive against fossil fuels in many markets. In addition, government leadership continues to play a key role in driving the growth of renewables, particularly wind and solar, in the power sector. As of early 2016, 173 countries had renewable energy targets in place and 146 countries had support policies. Cities, communities and companies are leading the rapidly expanding "100% renewable" movement, playing a vital role in advancing the global energy transition.

Additional growth factors include better access to financing, concerns about energy security and the environment and the growing demand for modern energy services in developing and emerging economies.

Image credit: Wind Turbines 

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