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Tuesday January 16th 2018

Huge Growth in Renewables Last Year

2009 was a year of contradictions. The threat of further financial woes combined with low oil prices and other problematic economic and geopolitical situations happened alongside an awfully positive development. Renewable energy sources grew by leaps and limits throughout 2009, despite it being probably the most turbulent years on record. 2009 presented a possibility for Europe and america as renewable energy sources proved to be viable enough to exchange gas services while providing cheap electricity. Renewable sources became an enormous energy supplier in 2009.

A new report backed by the United Nations has stated that renewable energy sources accounted for over sixty percent of all electricity generated in Europe. The report also excited by the us; in 2009, renewable energy sources accounted for over half of the entire generation capacity constructed. The report stated that the expectation was for renewable energy sources to outstrip conventional energy sources in 2010.

The report was produced by the Renewable Energy Policy Network for the 21st century. The crowd said within the report that renewable energy sources had reached a critical point and they’d finally become robust enough to prove a viable alternative to traditional energy sources like fossil fuels. In keeping with them, renewable energy had comprised fully one-quarter of all electricity capacity on the earth and delivered approximately eighteen percent of world supply in 2009.

The report further stated that this development was unprecedented and that emerging countries were fully embracing the brand new technologies. One of many biggest forces driving the adoption of renewable energy sources was the prospective to strengthen the economies of countries hit by the financial crisis and creating millions of latest jobs. China alone added thirty-seven gigawatts of renewable electricity in 2009, more than any other country.

The Chinese also dove headfirst into renewable energy exports, manufacturing forty percent of all photovoltaic solar panels in 2009, and thirty-three percent of all wind turbines. Around seventy million households worldwide installed solar water heating systems in 2009, and one hundred countries officially adopted renewable energy policies. Thus, renewable energy is commencing to become a gigantic portion of the global energy sector. In truth, in 2009 global investment in renewable energy technologies skyrocketed until it become the second highest annual investment on record.

The investment was under in 2008, but this was largely attributed to the financial crisis that crippled economies across the globe, the report said. Despite each of the positive developments that 2009 represented, there are still serious problems to be confronted. The renewable energy sector is ambitious, but critical innovations should be made before renewable energy sources will also be widely adopted. Further, the science behind renewable energy technology should be fine-tuned some more before renewable energy sources will likely be seen as commercially feasible.

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