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Renewable Energy in Asia Pacific to 2020
Renewable Energy in Asia Pacific to 2020
Rapid Economic Growth in Developing Countries is Driving Growth in Asia Pacific Renewable Power Market
Hyderabad,
AP,
India
(prbd.net)
10/08/2010
"Renewable Energy in Asia Pacific to 2020 - Increasing Small Hydro and Wind Power to Drive Industry Growth"
The Asia Pacific region is home to the most rapidly developing economies with high economic growth rates. This economic growth has led to a rise in energy demand and consumption and therefore a shortage in many countries. Additionally, since the majority of energy is currently produced through conventional thermal sources it has led to an increase in greenhouse gas (GHG) emissions. As a result there arises a need to develop renewable resources to ensure energy security and to address rising GHG emissions. Thus the share of renewables in the Asia Pacific energy mix is expected to rise from 4% in 2009 to about 13% in 2020 on the back of supportive government policies and incentives.
Insufficient supportive grid, transmission and distribution infrastructures in many countries might lead to the delay or cancellations of renewable power plant installations. The transmission and distribution of electricity generated from renewable sources might be affected due to low grid capacity and limited access to the national grid in many regions within the Asia Pacific countries.Thus, the weak transmission and distribution infrastructure has become a restricting factor in the growth potential of renewable energy.
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Renewable-Energy-in-Asia-Pacific-to-2020-Small-Hydro-and-Wind-Power-to-Take-Off&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Alternative_Energy
China has spent $34.6 billion on renewable energy in 2009, whereas the US spent $18.6 billion –about half of what China has invested. Renewable energy investments were mainly allocated to small hydropower projects, solar power projects, and wind power projects. This high level of investments in the country has mainly been driven by stable and long term supportive government policies and easy access to credit. The country aims to produce 8% of its total energy consumption from renewable sources and to achieve this goal; the government has planned to invest another $216 billion in the coming five years for renewable energy development, 170% more than as planned by the US ($80 billion).
According to Kyoto Protocol Japan should reduce its GHG emissions by 6% as compared to 1990 levels during 2008 to 2012. Japanese GHG emissions declined in 2008 due to a decline in energy demand as a result of the global economic slowdown. Japan is promoting the use and generation of renewable energy sources in an attempt to achieve its Kyoto Protocol targets. The government passed a bill in March 2010 that increased their targets to a 25% reduction in emissions by 2020 and 50% by 2050 through the promotion of renewable energy, nuclear power, and carbon taxes.
GBI Research, the leading business intelligence provider, has released its latest research,
“Renewable Energy in Asia Pacific to 2020 - Small Hydro and Wind Power to Take Off”, that provides an insight into the renewable energy market in Asia Pacific and provides forecasts up to 2020. The research analyzes the growth and evolution of the Asia Pacific renewable energy market up to 2009 and gives historical and forecast statistics for the period 2000-2020. This research also gives a detailed analysis of the market structures of all renewable energy technologies in the region and the regulatory policies that govern them. The research in the study is based on proprietary databases, primary and secondary research, and in house analysis by GBI Research’s team of industry experts
For further details, please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=Renewable-Energy-in-Asia-Pacific-to-2020-Small-Hydro-and-Wind-Power-to-Take-Off&ReportType=Industry_Report&coreindustry=ALL&Title=Power_~_Alternative_Energy
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