Green Energy Slipping: Renewable Growth Slow In Rocky 2012
Leading professional services corporation Ernst & Young released its February 2013 report on the state of renewable energy across the globe with a mixed outlook: Green energy is still growing, although not as fast in 2012 as in 2011. Asia is whupping the west. And large corporations are trying to be the good guy, increasing their spending in renewable energy sources and efficiency more than most governments.
Near the beginning of the dense 40-page corporate pile of information, the EY writers explain the shortfall experienced in 2012.
They cite a figure from Bloomberg New Energy Finance, saying a total $149 billion was invested in “utility-scale renewable energy investment plants“ in 2012, which was over $30 billion less than 2011’s $180 billion, “but still a very respectable total.”
Of that number, the smallest drops came from the largest and most popular industries, like solar and wind, which fell nine percent and 13 percent respectively.
The lesser-known renewable industries fared much worse. The biomass and waste-to-energy portions fell by 27 percent, mostly because people don’t know what they are. The most popular format right now is based on molding agricultural leftovers into wood pellets that can be burned like coal, but are more sustainable, without having to blow up mountains or poison streams.
But it’s just not sexy enough for most investors. They want to stick with what they know.
While the U.S. was number one in solar development in 2012, Asia took many of the wider honors, as EY describes China as the only country with the capital right now for the kinds of investments required to really take these fields. Chinese photovoltaic plants going up in Turkey are cited as evidence of China's growth outpacing even its domestic production ability.
Some of the best news in the report comes from a turning point in corporate America, where some of the largest companies in the country are finally coming around to cost-saving measures that result in increasingly affordable renewable energy.
One cited study follows McDonalds’ investing $11,000 per store in the UK since 2007 in energy efficiency, which paid for itself in two years and “represents the same bottom line benefit as a 5% increase in sales.”
Walmart joined a steel company in Mexico for a 15-year partnership on a 164MW wind farm.
“Nike, HSBC, Volkswagen, Nestle, BT, Mitsui, PepsiCo, Cemex, Renault, Sumitomo, BMW and Apple — are but a few of the brands moving into this space,” the report says.
Researchers Develop Sunlight-Powered Water Purifiers For Those Who Can't Afford Clean Water
A solar-powered device that could generate clean drinking water has recently been developed that is more cost-effective and even efficient for users.
Increasing Demand Of Solar Power Could Cause Higher Price Of Coal By Year 2020
With the rapid increase of demand among solar-powered equipments these days, businessmen have opted to increase the price of coal and oil.
Tesla Powerwall 2: Price, Features, Capacity And More
Tesla Powerwall 2, another venture by Elon Musk’s tech company, is bound to start its first installations early in the year. Here are more details about this energy efficient system.
Dutch Electric Trains To Be Completely Powered By Wind Energy
Netherland's all electric trains would be now running on the renewable source of energy, that is wind power.
Solar Energy Overtaking Coal As Primary Source Of Energy Among Countries
Hundreds of countries are working together to curb the rising level of greenhouse gas emissions in our atmosphere that’s worsening global warming. One of the major solutions for this problem is employing renewable energy rather than coal, and recent reports are coming in that solar energy is overtaking coal as the major go-to resource in power production among countries.
MORE IN ITECHPOST
iOS 11 Plagued with Untested Bugs and Early Adoption Pitfalls
Reports of nagging iOS 11 issues have started pouring in just a day after the software was released by Apple on supported devices.
'Tokyo Ghoul' Season 3 Delayed By Its Live-Action Movie? Ken Kenaki Returns With Another Identity?
"Tokyo Ghoul" season 3's release is delayed and there are countless speculations as to why it is being pushed back. Reports claim that the show is to give way to "One Punch Man" and "My Hero Acdemia" but new rumors say that it's lack of materials and storyline as well as its live-action movie are causing the delay.
‘Resident Evil 7: Not A Hero DLC’ First Gameplay Trailer Leaks Online
First gameplay trailer pertaining to RE7: Not A Hero DLC has just leaked on YouTube.