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

June 09, 2004

New Reports Note Challenges and Opportunities for Renewables

Renewable energy is moving into the mainstream, according to a report issued in May by the Worldwatch Institute. The study notes that on a global scale, solar power generation has more than tripled in the past five years, and wind power has nearly quadrupled. The report concludes that five key policy elements help contribute to the growth in renewable energy: opening access to the power market, providing financial incentives, disseminating education and information, allowing public participation, and establishing clear industry standards and siting regulations. See the Worldwatch Institute press release.

Meanwhile, a report issued by the International Energy Agency (IEA) on June 1st in Bonn claims that renewable energy still has a long way to go. The report notes that the fast-growing wind and solar energy sectors do not compensate for the slower growth in the "mature" renewable energy sources: hydropower, conventional biomass energy, and geothermal energy. See the IEA press release.

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