Renewable energy as world power source

Renewable energy to become world’s second-largest power generation source by 2015, says IEA – post on Renewable Energy Focus about a recent report from the International Energy Agency (IEA), World Energy Outlook 2012.

In 2011, subsidies for renewables (including for biofuels) amounted to $88 billion – over the period to 2035 they need to increase to $4.8 trillion, the IEA says. Over half of this has already been committed to existing projects or is needed to meet 2020 targets.

See another post about this report on Globe-Net:  North America lead shift in global energy balance.