The CERA issued a review report last week that the competitiveness of renewable energy in the energy market is gradually increasing. However, to really play a role, it must also overcome the problems of economy, technology, and application scale.
According to the report, renewable energy is already an important energy business, with an investment of billions of dollars each year. However, the scale of the existing energy business is still huge. It is necessary to wait 5 to 10 years to see the actual impact of renewable energy in the energy market share. CERA's research on the two most extreme and optimistic state of extreme conditions suggests that by 2030, renewable energy will account for 7% to 16% of the world's total electricity demand.
CERA's research also assesses the prospects of various clean energy technologies as well as major risks and development opportunities. These technologies include biofuels, renewable power, carbon capture and storage, nuclear power, and hydroelectric power. According to the study, clean energy investments, including renewable energy, nuclear power and hydroelectric power, will total 7 trillion U.S. dollars by 2030. National governments will play an important role in renewable energy investment in response to energy security and climate change.
CERA finally came to the following conclusion:
First, the renewable electricity market will have great growth. Wind energy will grow fastest, followed by solar power and biomass. However, some bottlenecks still need to be overcome in the near future, such as wind turbine manufacturing, supply shortage of silicon, and rising costs.
Second, economic growth will affect energy demand and carbon emissions. In addition, new clean energy technology R&D policies and financial support will also play a key role in the development of clean energy, including determining carbon dioxide (CO2) emission prices, setting relevant directives, and providing subsidies, all of which will contribute to the development of clean energy.
Third, the development of the entire clean technology is linked to the trend of global greenhouse gas emissions. Many cleaning technologies have been applied commercially but there is still a need to further develop and validate many technologies, including advanced clean coal technologies. The United States and China have advantages in coal resources and will accelerate the development of clean coal technology.
Fourth, Asian energy demand has increased from 30% of the current global total to 40% in 2030. The increasing cost competitiveness of Asian manufacturing will help the development of clean energy technologies and the production of related equipment.
In addition, the report also believes that nuclear power and hydropower will account for nearly half of the increase in clean electricity by 2030.
The research report pointed out that the "big three-pole" of energy consumption - the United States, the European Union and China, plus other countries, especially Japan, India and Brazil, will have an important impact on clean energy development.
According to the report, renewable energy is already an important energy business, with an investment of billions of dollars each year. However, the scale of the existing energy business is still huge. It is necessary to wait 5 to 10 years to see the actual impact of renewable energy in the energy market share. CERA's research on the two most extreme and optimistic state of extreme conditions suggests that by 2030, renewable energy will account for 7% to 16% of the world's total electricity demand.
CERA's research also assesses the prospects of various clean energy technologies as well as major risks and development opportunities. These technologies include biofuels, renewable power, carbon capture and storage, nuclear power, and hydroelectric power. According to the study, clean energy investments, including renewable energy, nuclear power and hydroelectric power, will total 7 trillion U.S. dollars by 2030. National governments will play an important role in renewable energy investment in response to energy security and climate change.
CERA finally came to the following conclusion:
First, the renewable electricity market will have great growth. Wind energy will grow fastest, followed by solar power and biomass. However, some bottlenecks still need to be overcome in the near future, such as wind turbine manufacturing, supply shortage of silicon, and rising costs.
Second, economic growth will affect energy demand and carbon emissions. In addition, new clean energy technology R&D policies and financial support will also play a key role in the development of clean energy, including determining carbon dioxide (CO2) emission prices, setting relevant directives, and providing subsidies, all of which will contribute to the development of clean energy.
Third, the development of the entire clean technology is linked to the trend of global greenhouse gas emissions. Many cleaning technologies have been applied commercially but there is still a need to further develop and validate many technologies, including advanced clean coal technologies. The United States and China have advantages in coal resources and will accelerate the development of clean coal technology.
Fourth, Asian energy demand has increased from 30% of the current global total to 40% in 2030. The increasing cost competitiveness of Asian manufacturing will help the development of clean energy technologies and the production of related equipment.
In addition, the report also believes that nuclear power and hydropower will account for nearly half of the increase in clean electricity by 2030.
The research report pointed out that the "big three-pole" of energy consumption - the United States, the European Union and China, plus other countries, especially Japan, India and Brazil, will have an important impact on clean energy development.
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