Wind, Solar Industries To Contribute 25% To Renewable Energy By 2030

January 23, 2009

Email this story Print this post Add your comments

Wind and solar industries currently make up about 7 percent of the total renewable energy market, but they are expected to contribute more than 25 percent to renewable energy by 2030, according to Credit Suisse research forecasts.

The increase will mainly be driven by the political risk of relying on declining oil reserves and concerns about global warming. However, as wind and solar industries quickly increase their capacity, component supply shortages and execution problems are likely.

Deutsche Bank’s Kevin Parker will be speaking at the World Future Energy Summit, which is sponsored by Credit Suisse. Parker will be arguing that global government regulation is the only way to attract the capital needed to transition to a more sustainable energy model.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Best Practices: Product Environmental Compliance

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/23/2009
11/20/2009
11/19/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Rick Row on Climate Scientists Alleged to Have Manipulated Data
"You may feel you have published a “fair and balance” account of the..."

Frankie Ridolfi on Climate Scientists Alleged to Have Manipulated Data
"Interesting that the photo of Earth is both reversed (the horn of Africa is..."

Moses Boone on Climate Scientists Alleged to Have Manipulated Data
"IF this information is true than it will be damaging and forestall the monumental..."

Tim on Climate Scientists Alleged to Have Manipulated Data
"Clearly this story is still developing, but I can imagine Faux News will have a field day..."

robert on Climate Scientists Alleged to Have Manipulated Data
"The STOLEN files do not supoort an argument that climate scientists were trying to..."

Pete on Climate Scientists Alleged to Have Manipulated Data
"With more than 5 acres per person world wide, there is no way that man can be affecting..."

Tom Stacy on National Grid Again Rejects High Costs of Offshore Wind
"Each time government entices big money investment away from riskier, but clearly..."

Environmental Leader