Similarly, in the United States, the independent National Research Council has noted that "sufficient domestic renewable resources exist to allow renewable electricity to play a significant role in future electricity generation and thus help confront issues related to climate change, energy security, and the escalation of energy costs … Renewable energy is an attractive option because renewable resources available in the United States, taken collectively, can supply significantly greater amounts of electricity than the total current or projected domestic demand."
The International Energy Agency projected in 2014 that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption, and solar would be the world's largest source of electricity. Most solar installations would be in China and India. In 2017, solar power provided 1.7% of total worldwide electricity production, growing at 35% per annum.
Thorium is a fissionable material used in thorium-based nuclear power. The thorium fuel cycle claims several potential advantages over a uranium fuel cycle, including greater abundance, superior physical and nuclear properties, better resistance to nuclear weapons proliferation and reduced plutonium and actinide production. Therefore, it is sometimes referred as sustainable.
Renewable energy technologies are getting cheaper, through technological change and through the benefits of mass production and market competition. A 2011 IEA report said: "A portfolio of renewable energy technologies is becoming cost-competitive in an increasingly broad range of circumstances, in some cases providing investment opportunities without the need for specific economic support," and added that "cost reductions in critical technologies, such as wind and solar, are set to continue."
Some renewable power sources now cost somewhat more than conventional power, because the market for renewable energy is not fully developed and renewables have received fewer subsidies than fossil and nuclear fuels. Also, the damage to the environment and human health—otherwise known as externalities—caused by fossil fuels and nuclear power is not included in electricity prices. Renewable energy needs your support to overcome these barriers and become less expensive in the future. Look into becoming a green power consumer today!
The solar thermal power industry is growing rapidly with 1.3 GW under construction in 2012 and more planned. Spain is the epicenter of solar thermal power development with 873 MW under construction, and a further 271 MW under development. In the United States, 5,600 MW of solar thermal power projects have been announced. Several power plants have been constructed in the Mojave Desert, Southwestern United States. The Ivanpah Solar Power Facility being the most recent. In developing countries, three World Bank projects for integrated solar thermal/combined-cycle gas-turbine power plants in Egypt, Mexico, and Morocco have been approved.
Consumers throughout the United States have a third green power option: Renewable Energy Certificates (RECs or sometimes "green tags"). A REC represents the environmental attributes or benefits of renewable electricity generation (usually one credit = one kilowatt-hour). RECs can be purchased in almost any quantity and are usually available from someone other than your electricity provider. What you pay for is the benefit of adding clean, renewable energy generation to the regional or national electricity grid. The overall environmental benefit of purchasing a green pricing or green marketing product versus RECs is exactly the same. RECs provide a "green" option for people in any state, but are ideal for people who live in states where green pricing and green marketing options are not available.
In 2010, the United States led the world in geothermal electricity production with 3,086 MW of installed capacity from 77 power plants; the largest group of geothermal power plants in the world is located at The Geysers, a geothermal field in California. The Philippines follows the US as the second highest producer of geothermal power in the world, with 1,904 MW of capacity online; geothermal power makes up approximately 18% of the country's electricity generation.
In the United States, one of the main problems with purchasing green energy through the electrical grid is the current centralized infrastructure that supplies the consumer’s electricity. This infrastructure has led to increasingly frequent brown outs and black outs, high CO2 emissions, higher energy costs, and power quality issues. An additional $450 billion will be invested to expand this fledgling system over the next 20 years to meet increasing demand. In addition, this centralized system is now being further overtaxed with the incorporation of renewable energies such as wind, solar, and geothermal energies. Renewable resources, due to the amount of space they require, are often located in remote areas where there is a lower energy demand. The current infrastructure would make transporting this energy to high demand areas, such as urban centers, highly inefficient and in some cases impossible. In addition, despite the amount of renewable energy produced or the economic viability of such technologies only about 20 percent will be able to be incorporated into the grid. To have a more sustainable energy profile, the United States must move towards implementing changes to the electrical grid that will accommodate a mixed-fuel economy.
Many industrialized nations have installed significant solar power capacity into their grids to supplement or provide an alternative to conventional energy sources while an increasing number of less developed nations have turned to solar to reduce dependence on expensive imported fuels (see solar power by country). Long distance transmission allows remote renewable energy resources to displace fossil fuel consumption. Solar power plants use one of two technologies: