Renewables could create quarter of world’s electricity by 2018

Calls for an end to subsidies for fossil fuels as the developing world pushes growth in renewables, which are expected to outstrip gas and nuclear by 2016

As the cost of production drops, renewable energy is expected to account for a quarter of worldwide energy generation by 2018, up from a fifth in 2011.

The International Energy Agency (IEA) forecasts a 40% increase in supply from renewables such as wind, solar and hydropower in the next five years.

Global electricity generation from renewable sources will exceed that of gas and be twice that of nuclear by 2016, according to the IEA report.

“Renewable power sources are increasingly standing on their own merits versus new fossil fuel generation,” said IEA executive director Maria van der Hoeven.

The predictions, in the IEA’s latest medium-term renewable energy market report published in June 2013, are largely based on an expected surge in renewable capacity in developing nations. They are expected to account for two-thirds of all growth in renewables up to 2018.

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About jensera

Jennifer Harrington is a Toronto-based illustrator, writer and graphic designer. She illustrated the best-selling children’s book series 'A Moose in a Maple Tree,' which includes the titles 'A Moose in a Maple Tree,' 'The Night Before a Canadian Christmas' and 'Canadian Jingle Bells.' She is also the owner of JSH Graphics, a boutique graphic design agency that specializes in print and web advertising. With her latest project, Eco Books 4 Kids, Jennifer has partnered with illustrator Michael Arnott to create a series of ecologically-themed ebooks for children. Her next book, 'Spirit Bear,' is due for release in the Summer of 2013. Jennifer offers two different school presentations for her 'Moose in a Maple Tree' collection, an illustration demonstration and a Christmas concert series, which can be booked at www.amooseinamapletree.com. She will be taking bookings for school readings of 'Spirit Bear' beginning in October 2013.

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