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Renewable Energies: Poised for a Leap<br />

Given this huge potential, and with costs poised to sharply fall in the coming years due to<br />

technology improvements and economies of scale, it is obvious that it should be possible to meet a<br />

substantial part of the global future energy needs by harnessing renewable energy sources. Total<br />

global new renewable power capacity (i.e. excluding large hydropower) increased by a healthy 16%<br />

over the previous year to reach 280 GW at the end of 2008 – of which wind power was 121 GW,<br />

worldwide grid and off-grid solar photovoltaic capacity had increased to 16 GW, small hydropower<br />

had gone up to 85 GW, biomass power capacity was about 52 GW, and geothermal power capacity<br />

had reached over 10 GW. The top four countries in order of installed capacity were China (76 GW),<br />

United States (40 GW), Germany (34 GW), Spain (22 GW); India occupied the fifth position with<br />

13 GW. dclxxiv<br />

Even more significantly, in 2008, for the first time, added power capacity from new<br />

renewables in both the United States and the European Union exceeded added power capacity from<br />

conventional power (including gas, coal, oil, large hydropower and nuclear). dclxxv<br />

In March 2007, European leaders signed up to a binding EU-wide target to source 20% of their<br />

energy needs from renewables, including biomass, hydro, wind and solar power, by 2020. dclxxvi<br />

The share of renewable energy in global electricity generation is set to rapidly increase in the<br />

coming years. The <strong>Energy</strong> Watch Group of Germany estimates that 29 percent of the world's<br />

electricity and heat requirements could come from renewables by 2030. dclxxvii The International<br />

<strong>Energy</strong> Agency also did a somersault in 2008, and reversing its earlier stand of marginalizing<br />

renewables, stated that by 2050, if governments support the development of renewables by<br />

appropriate policies and incentives, 50% of global electricity supply could come from renewable<br />

energy sources. dclxxviii<br />

A report prepared by the European Renewable <strong>Energy</strong> Council (EREC) and Greenpeace in<br />

October 2008 titled “<strong>Energy</strong> [R]Evolution: A Sustainable Global <strong>Energy</strong> Outlook” is even more<br />

optimistic. According to this report, if energy efficiency measures are implemented to reduce<br />

consumption of electricity, then, new renewable energies (wind, solar, geothermal, ocean and<br />

biomass) dclxxix could provide around 62% of the global electricity generation by 2050! The report<br />

projects that the global installed capacity of new renewable energy technologies (excluding both<br />

small and large hydro) has the potential to grow from 89 GW in 2003 to 5878 GW in 2050, a 66-<br />

fold increase in 47 years!!! dclxxx<br />

The Greenpeace-EREC study shows that it is possible to completely phase out generation of<br />

electricity from dirty and dangerous nuclear energy all over the world by 2050, reduce worldwide<br />

carbon dioxide emissions by 50% below 1990 levels by 2050, and yet meet the global energy needs<br />

needed for growth!<br />

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