NEW YORK (GBI Research), 27 March 2013 Initiatives aimed at cutting carbon emissions and establishing long term energy security will see renewable energy claim a 36% share of global cumulative installed capacity by the end of the decade, states the latest report from business intelligence firm GBI Research. The new report* explains that solar photovoltaic (PV) and wind energy will be the primary technologies forecast to drive global renewable energy installed capacity from 1,695 GW in 2012 to 2,762 GW in 2020 – boosting the industry’s share of the world total installed capacity from 30% to 36%.
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Harmonization Project show that life cycle greenhouse gas (GHG) emissions from technologies powered by renewable resources are generally less than from those powered by fossil fuel-based resources. Only the very highest estimates for biopower overlap with the range of a fossil-fueled technology, and the central tendencies of all renewable technologies are between 400 and 1,000 g CO2eq/kWh lower than their fossil-fueled counterparts without carbon capture and sequestration (CCS). For fossil-fuelled technologies, post-combustion CCS can bring total life cycle GHG emissions within the upper 25th percent of the range of several renewable technologies. Biopower with CCS can display significantly negative GHG emissions (without considering the impacts of land use change). Nuclear power exhibits a similar interquartile range and median as do technologies powered by renewable resources.