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.
The Quest: Energy, Security, and the Remaking of the Modern World presents a gripping account of the quest for the energy that our modern world needs. Daniel Yergin continues the riveting story begun in his Pulitzer Prize–winning book, The Prize. A master storyteller as well as a leading energy expert, Yergin shows us how energy is an engine of global political and economic change. Unlike other energy books, The Quest is a story that spans the energies on which our society has been built and the new resources that are competing to replace them. Quick history about him: From 1977 through 1980, he was a Lecturer at the Harvard Business School until 1983. He is also a Lecturer at Harvard’s Kennedy School of Government, founded Cambridge Energy Research Associates (CERA) in 1982 and with the purchase of a $7.00 file cabinet from Goodwill.