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

January 23, 2009

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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.

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