The findings in the REN21 2012 Global Status Report (GSR) speak to the cumulating effect of steady growth in renewable energy markets, support policies and investment over the past years. In 2011:
Renewable sources supplied 16.7% of global final energy consumption. The share of modern renewables increased, while the share of traditional biomass slightly declined.
118 countries –more than half in the developing world– implemented RE targets.
Investment in renewables increased 17% to a record $257 billion, despite a widening sovereign debt crisis in Europe and rapidly falling prices for renewable power equipment.
Photovoltaic module prices dropped by 50% and onshore wind turbines by close to 10%, bringing the price of the leading renewable power technologies closer to grid parity with fossil fuels such as coal and gas.
A series of webinars will present the report and will provide regional focus. Go in depth and behind the scenes of the REN21 report with Christine Lins, Executive Director of REN21.
Mr Rainer Hinrichs-Rahlwes will provide regional focus for Europe in this session.