World into the era of renewable energy

On February 27, in the annual medium-term report to be published in July this year, the International Energy Agency (IEA) confirmed that the world has entered an era of renewable energy.

>>>Wind power has been cheaper than electricity from gas

For the first time, the IEA publishes a medium-term annual report specializing in the renewable energy market separate from reports on oil, gas and coal, saying that renewable energy is well-positioned in the complex. global quality.

Renewable energy is the fastest growing source of energy in current energy sources and accounts for 20% of total global electricity production.

Propellers on the sea wind farm in the South East of England.

The technologies for renewable energy have been vigorously competitive in attracting investment with increasing investment opportunities in many countries.

However, policy efforts in conjunction with economic initiatives are still needed to promote larger investment projects in developing regenerative technologies to maximize this competitive power.

The IEA's report is based on forecasts and analyzes of countries, affiliated agencies and international organizations, particularly of more than 100 companies and organizations related to the market, prices and prospects of renewable energy sources.

The report highlights the analysis of the current state of renewable energy, the dynamics and obstacles to developing this energy source at the national level and forecasting renewable energy sources in 2017.

Obstacles include economic problems such as high initial costs compared to fossil energy sources and non-economic issues such as government policies.