Mr. Trump has said the Paris agreement is a bad deal for the United States and that the country will no longer work toward its pledge of cutting emissions at least 26 percent below 2005 levels by 2025 or contribute money to the climate fund. Former President Barack Obama promised $3 billion over four years and delivered $1 billion before leaving office.
The International Geothermal Association (IGA) has reported that 10,715 MW of geothermal power in 24 countries is online, which is expected to generate 67,246 GWh of electricity in 2010. This represents a 20% increase in geothermal power online capacity since 2005. IGA projects this will grow to 18,500 MW by 2015, due to the large number of projects presently under consideration, often in areas previously assumed to have little exploitable resource.
United Nations' Secretary-General Ban Ki-moon has said that renewable energy has the ability to lift the poorest nations to new levels of prosperity. In October 2011, he "announced the creation of a high-level group to drum up support for energy access, energy efficiency and greater use of renewable energy. The group is to be co-chaired by Kandeh Yumkella, the chair of UN Energy and director general of the UN Industrial Development Organisation, and Charles Holliday, chairman of Bank of America".
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Wind-to-rotor efficiency (including rotor blade friction and drag) are among the factors impacting the final price of wind power. Further inefficiencies, such as gearbox losses, generator and converter losses, reduce the power delivered by a wind turbine. To protect components from undue wear, extracted power is held constant above the rated operating speed as theoretical power increases at the cube of wind speed, further reducing theoretical efficiency. In 2001, commercial utility-connected turbines deliver 75% to 80% of the Betz limit of power extractable from the wind, at rated operating speed.[needs update]
As of 2012, the Alta Wind Energy Center (California, 1,020 MW) is the world's largest wind farm. The London Array (630 MW) is the largest offshore wind farm in the world. The United Kingdom is the world's leading generator of offshore wind power, followed by Denmark. There are several large offshore wind farms operational and under construction and these include Anholt (400 MW), BARD (400 MW), Clyde (548 MW), Fântânele-Cogealac (600 MW), Greater Gabbard (500 MW), Lincs (270 MW), London Array (630 MW), Lower Snake River (343 MW), Macarthur (420 MW), Shepherds Flat (845 MW), and the Sheringham Shoal (317 MW).
Floatovoltaics are an emerging form of PV systems that float on the surface of irrigation canals, water reservoirs, quarry lakes, and tailing ponds. Several systems exist in France, India, Japan, Korea, the United Kingdom and the United States. These systems reduce the need of valuable land area, save drinking water that would otherwise be lost through evaporation, and show a higher efficiency of solar energy conversion, as the panels are kept at a cooler temperature than they would be on land. Although not floating, other dual-use facilities with solar power include fisheries.
Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies. Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today". A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."
Turbines used in residential applications can range in size from 400 Watts to 100 kW (100 kW for very large loads), depending on the amount of electricity you want to generate. For residential applications, you should establish an energy budget and see whether financial incentives are available. This information will help determine the turbine size you will need. Because energy efficiency is usually less expensive than energy production, making your house more energy efficient will probably be more cost effective and will reduce the size of the wind turbine you need (see How Can I Make My Home More Energy Efficient?). Wind turbine manufacturers, dealers, and installers can help you size your system based on your electricity needs and the specifics of your local wind resource and micro-siting.