This is an excerpt from EERE Network News, a weekly electronic newsletter.

August 06, 2003

Reports See Major Growth in Store for Renewable Energy

A slew of reports have been beating the drums for renewable energy in recent months, documenting continued increases in the world's use of renewable energy and forecasting significant growth in the future. The Worldwatch Institute, for example, says that renewable energy is entering a boom period, with global wind energy use tripling since 1988 and annual solar cell production increasing 150 percent in the past three years. A study from Navigant Consulting, Inc. predicts that renewable energy use will more than double over the next decade in the United States and Canada, with wind and biomass comprising about 85 percent of that growth. And a study by Platts Research & Consulting projects that U.S. renewable power capacity will grow by 8 percent per year through 2025, with wind power chalking up 31 gigawatts of new capacity. Meanwhile, the Council of State Governments (CSG) noted that renewable energy projects spur states' economies by creating jobs and increasing tax revenue. See the announcements from Worldwatch, Navigant, Platts, and CSG.