Global wind energy capacity is expected to double by 2016 as installations continue to grow in newer markets like India and Brazil, with world capacity reaching 493 gigawatts in 2016, the Global Wind Energy Council said in a report released today.
Wind and solar will struggle in the short term but will thrive eventually as the world moves toward clean power, financial experts predicted yesterday. Renewable energy companies will struggle for the next year or more because there’s investor unease with the sector, said experts who spoke at Fortune magazine’s Brainstorm Green conference.
After dropping for two years during the recession, emissions of the gases blamed for global warming rose in 2010 as the economy heated up, the Environmental Protection Agency reports. Output of carbon dioxide and other heat-trapping gasses were up 3.2 percent from 2009 as the nation climbed slowly out of the deepest economic downturn since the Great Depression, the E.P.A. said.
The U.S. natural gas futures contract for May delivery remained under $2 per million British thermal units at the end of last week, another 10-year low for gas as supply continues to outpace demand.
Three years after President Obama promised that millions of “green jobs” would sprout from $90 billion in stimulus spending earmarked for clean energy, only a small fraction have materialized. Supporters say the administration overpromised on the potential for job creation and worry that backlash could erode support for overall renewable energy policies.
Despite coming much closer to prior efforts, the latest effort to develop a vast offshore wind energy farm off the coast of Ocean City failed to pass again this year. The House of Delegates had approved Gov. Martin O’Malley’s Offshore Wind Energy Act of 2012, which would open the door for the development of a wind farm including as many as 40 turbines off the coast of Ocean City, but the Senate never took up the debate and the legislation died. However, it remains possible the issue could resurface in a special session.
Ohio is making gains in the “green economy,” according to a new report that says the state is one of the nation’s fastest-growing new markets for wind projects. The report by the American Wind Energy Association said the state added more electricity from wind power on a percentage basis in 2011 than any other state did, although the growth came from a low starting point.
Onshore wind farms do not cause long-term damage to bird populations, but the construction phase does harm some species, according to a new study.
The U.S. wind industry posted another year of double-digit growth in 2011 and expects to continue with similar gains this year — but that progress is in jeopardy if Congress does not act soon to extend a key tax break, industry officials warned today.
The United States for the first time since 2009 outpaced all other major economies in clean energy investment, pouring $48.1 billion into wind, solar and other technologies last year, according to a new report out today. In doing so, the United States pulled itself up from third place, where it had lagged behind China and Germany. But the top slot could be short-lived. The authors of the “Who’s Winning the Clean Energy Race?” study by the Pew Charitable Trusts attribute the unprecedented 2011 investment in the United States to a likely one-time rush before renewable energy tax credits bite the dust.