Developers will invest in next five years 1.9 trillion into clean energy.

NEW York-developers and financiers invested $1.9 trillion build clean energy power plants worldwide from 2012 to 2018 as demand for electricity rises, according to the Pew Charitable trusts.

Development costs for solar and wind farms and other types of renewable energy assets rising to $327 billion in 2018 by about $200 billion in the last year, according to a report, which is now published on the Bank's website.

These numbers can increase even more if Governments to create national energy policy, contain the obligations for renewables, Phyllis Cuttino, Director of Pew said clean energy program in Washington, yesterday in a telephone interview. The incentives should give duration defined clarity of the industry.

The "political role", she said. "You've got to have a renewable energies target or a standard. Or something in the tax code. Or to remove market obstacles. There are several guidelines that you can use to get there, but you have to do something. You can have not only no national energy policy."
Global energy consumption is expected to increase by 47 percent by 2010 to 2035 and investments in the renewable energy industry can $5.9 trillion in the same period the Pike research LLC was prepared according to the report, approach.

"" "" Said industry has clearly given us, "what we need is we need to have certainty," said Cuttino. "It was an unequal playing field, tilted in favor of established technologies. And we need to get over the hump."

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IEA: Renewable Energy to Grow During the Next 5 Years

Global renewable power generation is expected to continue its rapid growth over the next five years, according to a new report from the International Energy Agency (IEA). The report, Medium-Term Renewable Energy Market Report 2012, released on July 5, says that despite economic uncertainties, global power generation from hydropower, solar, wind, and other renewable sources is projected to increase by more than 40% to almost 6,400 terawatt hours by 2017. That amount would be roughly one-and-a-half times the current electricity production in the United States.

The study examines in detail 15 key markets for renewable energy—which currently represent about 80% of renewable generation—while it identifies developments that may emerge in other important markets. Of the 710 gigawatts of new global renewable electricity capacity expected, China accounts for almost 40%, with the United States, India, Germany, and Brazil also contributing to the growth. The report presents detailed forecasts for renewable energy generation and capacity for eight technologies: hydropower, bioenergy for power, onshore wind, offshore wind, solar photovoltaics (PV), concentrating solar power, geothermal, and ocean power. Hydropower is projected to have the largest increase in generation, followed by onshore wind, bioenergy, and solar PV.

This expansion is underpinned by the maturing of renewable energy technologies, in large part due to supportive policy and market frameworks. However, rapidly increasing electricity demand and energy security needs in recent years have been spurring deployment in many emerging markets. These new deployment opportunities are creating a virtuous cycle of improved global competition and cost reductions. See the IEA press release.

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