Dec. 25, 2007: Global Renewable Energy Experiencing Double-Digit Growth
Among non-electric renewable energy sources, solar hot water capacity increased by 17 percent to 121 thermal GW. Global ethanol production increased 16 percent to 11.6 billion gallons, while biodiesel production increased by a third to more than 2 billion gallons. The REN21 report estimates that global investment in renewable energy will exceed $100 billion in 2007, including $15-$20 billion invested in large hydropower facilities, at least $66 billion invested in other renewable energy facilities, $10-$12 billion invested in manufacturing plants for photovoltaic devices and biofuels, and $16 billion invested in public and private research and development.
The full REN21 report will be published in January, but a pre-publication summary was released in time for the Bali climate conference. The pre-publication summary is available at www.ren21.net/pdf/REN21_GSR2007_Prepub_web.pdf.
Publication date: 12/24/2007