U.S. Energy Info Admin. Forecasts for RE

April 2, 2003 [SolarAccess.com] Worldwide consumption of commercial energy is projected to grow by 58 percent over the next two and one-half decades, according to the reference case projection of the International Energy Outlook 2003 (IEO2003) released by the Energy Information Administration (EIA). The IEO2003 expects much of the growth to occur in the developing world, with China, India, and South Korea leading the way, as their consumption increasingly resembles that of the industrialized world. Among the highlights by industry were indications that Renewable Energy use would increase twofold, but likely not manage to increase market share by much. According to the report, Renewable Energy use is expected to increase by 56 percent between 2001 and 2025, maintaining its 8 percent share of world commercial energy consumption throughout the forecast period. Because fossil fuel prices are expected to remain relatively low, renewables are not expected to be widely competitive, and its share of energy use does not increase. Much of the increase in Renewable Energy use is expected to be driven by new, large scale hydroelectric projects, particularly in developing Asian countries.
Previous articlePlug Powers European Grid
Next articleDrive to Survive Launches

No posts to display