Future of Clean Energy
Energy from clean and renewable sources—wind, water, the sun, biomass and geothermal energy—currently constitutes 15% of the global energy use.
Clean energy products are rapidly growing in the international marketplace
The costs of technologies to capture that energy are rapidly falling and becoming economically competitive with fossil fuels, while reducing the risk of climate change. Investing in renewable energy creates jobs, fosters economic growth, and improves energy security for countries that lack domestic fossil fuel resources.
Increasing the share of energy from renewable sources can reduce greenhouse gas emissions and local pollution; insulate countries from fuel price volatility; and improve those countries' balance of payments.
Renewable energy is becoming increasingly cost-competitive.
It is estimated that renewable energy sources will contribute more to a low-carbon energy supply by 2050 than nuclear power or fossil fuels using carbon capture and storage.
Where available, hydro, geothermal and bioenergy have long been competitive, and wind and solar are also economically attractive in many locations.