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1.4 billion people globally do not have reliable access to energy.

Overview

Renewable energy could provide a solution to the dual challenge of providing power to the energy poor and reducing the dependency of developing countries on fossil fuels. Renewable energy, including on and off grid, could meet incremental energy needs as well as eventually replace aging coal and nuclear assets, and diesel generation in remote geographies. As a result, several gigatons of greenhouse gas emissions could be abated. Energy demand continues to rise at a strong pace due to economic developments and a growing population in Asia. Approximately 16% of global final energy consumption comes from renewables. New renewables, such as hydroelectricity, modern biomass, wind, solar, geothermal and biofuels are growing very rapidly.

Opportunities

Investment in renewable generation has been growing but needs to be accelerated to reduce greenhouse gas emissions. In 2010, total investment in renewable energy reached $211 billion, an increase over 2009 where investments totaled approximately $160 billion. Renewable energy, including on and off grid, could meet incremental energy needs as well as eventually replace aging coal and nuclear assets, and diesel generation in remote geographies.

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There is no Planet B™
Carbon War Room in association with Elsevier Biofuel TechSelect Go to the Carbon War Room website