Web Exclusive | December 2012
'Renewables to contribute 10th of global power by 2030'
A study by Frost & Sullivan estimates that global electricity generation will rise by 57.2 per cent by 2030 to 33,370 terawatt hours. Taking into account hydro-power, renewable energy sources will constitute over one-fourth of the world’s power generation in 2030.
Frost & Sullivan is a research and consultancy firm. As per the study, at present, unconventional renewable energy sources, such as wind, solar, geo-thermal, bio-power and tidal power, make up less than 4 per cent of the world’s energy mix.
Countries worldwide are expected to diversify their energy mix to increase reliance on cleaner and more sustainable fuels, such as gas rather than pursue high-pollution fossil fuel-based capacities. India is taking steps in this direction, with the contribution of renewable energy to the nation’s electricity output targeted at 15 per cent by 2020.