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Wind could generate 18pct of global electricity by 2050 - IEA
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Thursday, 05 Dec 2013
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According to the International Energy Agency, Electricity generated from wind could soar from 2.6% to 18% of the world’s electricity by 2050.

Its latest Wind Power Technology Roadmap said that the industry will need USD 150 billion per year to achieve this. Current investment is hovering around the USD 80 billion mark.

Wind power deployment under this vision would save up to 4.8 GG tonne of CO2 emissions per year by 2050, equivalent to more than the current European Union annual emissions.

China, which has doubled investment in renewable energy between 2004 and 2012, would provide the largest reductions.

Since 2008, wind power deployment has more than doubled, approaching 300 GW cumulative installed capacities led by China 75 GW, the United States 60 GW and Germany 31 GW.

Wind power now provides 2.5% of global electricity demand and up to 30% in Denmark, 20% in Portugal, 18% in Spain.

Mr Steve Sawyer secretary general for the Global Wind Energy Council said RTCC that “While world leaders pay lip service to combating climate change, what they are actually doing is subsidizing CO2 emissions to the tune of USD 110 per tonne. Fossil fuel energy subsidy reform could take us a long way towards protecting the climate.”

The cost of land based wind power is close to competitive with other sources of electricity. Offshore wind is currently expensive and technically challenging but has an important long-term potential.

In Australia and Brazil, wind energy is already cheaper than conventional energy sources.

Source - www.rtcc.org

( www.powerguru.in)

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