90 likes | 229 Views
RENEWABLE ENERGY POTENTIALS. Mohamed El-Ashry Chairman REN 21 3rd Ministerial Meeting in Gleneagles Dialogue, Berlin, September 10, 2007. RENEWABLE ENERGY. What opportunities do renewable energy technologies (RETs) offer to major markets in the medium-and long-term?
E N D
RENEWABLE ENERGY POTENTIALS Mohamed El-Ashry Chairman REN 21 3rd Ministerial Meeting in Gleneagles Dialogue, Berlin, September 10, 2007
RENEWABLE ENERGY • What opportunities do renewable energy technologies (RETs) offer to major markets in the medium-and long-term? • Can RETs realistically become the large scale low carbon solution in the medium-and long-term? • What will drive a clean technology revolution based on RET?
OPPORTUNITIES • Very high potential overall— no resource constraint. • Markets • RET could satisfy global electricity and heat demand. • Technical potential of bioenergy is not sufficient to displace fossil fuels entirely in the transport sector.
OPPORTUNITIES (CONTD.) • Regions • Sufficient renewable energy resource potential in every region. • Some regions are rich in specific resource: • HYDROPOWER in Asia • BIOMASS crops in eastern Europe and the former Soviet Union • ONSHORE WIND in North America • SOLAR(CSP&PV) in Africa and the Middle East • GEOTHERMAL in Asia and Latin America • OCEAN POWER in Asia, North America, and Oceania
RENEWABLE ENERGY MARKET SHARE BY 2050 • Electricity
RENEWABLE ENERGY MARKET SHARE BY 2050 (CONTD.) • Heating and Cooling
RENEWABLE ENERGY MARKET SHARE BY 2050 (CONTD.) • Transport Fuels
DRIVERS FOR A RET REVOLUTION • Costs • Capital • Climate
$70.9bn $49.6bn $27.5bn 2004 2005 2006 GLOBAL INVESTMENT IN CLEAN ENERGY 2004 - 2006 43% Growth 80% Growth Grossed-up estimate based on disclosed deals. New investment only. Source: New Energy Finance