Climate change concerns coupled with high oil prices and increasing government support are driving increasing rates of investment in the sustainable energy industries, according to a trend analysis from the United Nations Environment Programme. According to UNEP, global investment in sustainable energy in 2007 was higher than previous levels, with $148 billion of new money raised in 2007, an increase of 60% over 2006. Total financial transactions in sustainable energy, including acquisition activity, was $204 billion.
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.
Renewable energy and energy efficiency are sometimes said to be the "twin pillars" of sustainable energy policy. Both resources must be developed in order to stabilize and reduce carbon dioxide emissions. Efficiency slows down energy demand growth so that rising clean energy supplies can make deep cuts in fossil fuel use. If energy use grows too fast, renewable energy development will chase a receding target. A recent historical analysis has demonstrated that the rate of energy efficiency improvements has generally been outpaced by the rate of growth in energy demand, which is due to continuing economic and population growth. As a result, despite energy efficiency gains, total energy use and related carbon emissions have continued to increase. Thus, given the thermodynamic and practical limits of energy efficiency improvements, slowing the growth in energy demand is essential. However, unless clean energy supplies come online rapidly, slowing demand growth will only begin to reduce total emissions; reducing the carbon content of energy sources is also needed. Any serious vision of a sustainable energy economy thus requires commitments to both renewables and efficiency.
Geothermal power plants can operate 24 hours per day, providing base-load capacity, and the world potential capacity for geothermal power generation is estimated at 85 GW over the next 30 years. However, geothermal power is accessible only in limited areas of the world, including the United States, Central America, East Africa, Iceland, Indonesia, and the Philippines. The costs of geothermal energy have dropped substantially from the systems built in the 1970s. Geothermal heat generation can be competitive in many countries producing geothermal power, or in other regions where the resource is of a lower temperature. Enhanced geothermal system (EGS) technology does not require natural convective hydrothermal resources, so it can be used in areas that were previously unsuitable for geothermal power, if the resource is very large. EGS is currently under research at the U.S. Department of Energy.
Then I pick up a Home Power Magazine, or a Backwoods Home, or a Mother Earth News. I read the letters to the editor and I think, These are my people! This is my tribe—the tribe of folks striving for independence of thought and lifestyle, who are creative in their choice of building materials, who try to make responsible choices about how their choices affect the environment they live in.
How accurate are these numbers? This is the energy production a good horizontal-axis wind turbine can reach, if installed at the perfect site and height. These are the upper limit though, if your turbine produces anywhere near the number predicted by this table you should be doing your happy-dance! Most small wind turbine installations underperform significantly, in fact, the average seems to be about half of the predicted energy production (and many do not even reach that). There can be many reasons for the performance shortfall; poor site selection, with more turbulent air than expected often has much to do with it. The reports in the ‘real world’ section following below illustrate this point. Many small wind turbines do not reach 30% overall efficiency, some are close to 0% (this is no joke!), so these numbers have only one direction to go. For off-grid battery charging wind turbines you should deduct 20 – 30% of the predicted numbers, due to the lower efficiency of a turbine tied to batteries, and the losses involved in charging batteries.
Biomass briquettes are increasingly being used in the developing world as an alternative to charcoal. The technique involves the conversion of almost any plant matter into compressed briquettes that typically have about 70% the calorific value of charcoal. There are relatively few examples of large-scale briquette production. One exception is in North Kivu, in eastern Democratic Republic of Congo, where forest clearance for charcoal production is considered to be the biggest threat to mountain gorilla habitat. The staff of Virunga National Park have successfully trained and equipped over 3500 people to produce biomass briquettes, thereby replacing charcoal produced illegally inside the national park, and creating significant employment for people living in extreme poverty in conflict-affected areas.
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.