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Renewables 2012: global status report

The latest edition of the flagship publication of the Renewable Energy Global Policy Network for the 21st Century (REN21) illustrates continued growth in all types of renewables across sectors and countries, with global investments in renewables breaking records in 2011 as costs continue to fall and their deployment expands geographically. However, the report notes that major investments in renewable energy will be needed to meet rising demand while mitigating climate change. The report’s key findings include that, in 2011, 118 countries had renewable energy targets, over half of which are developing countries. It states that improved business and financing models are now offering cleaner and more affordable energy options for the 1.3 billion energy poor, but that annual investment in decentralised off-grid energy production will have to increase five-fold for universal modern energy access to be achieved by 2030.