Page 8 - Money in Energy
P. 8
Money in energy -Investment Opportunities and risks 2010
economically with fossil fuels over the projection period, except in a limited
number of niche markets. Government policies and incentives typically are the
primary drivers for the construction of renewable generation facilities.
As renewable energy use increases worldwide, the mix of fuels in the OECD and
non-OECD regions differs in the reference case. In the OECD nations, the
majority of economically exploitable hydroelectric resources already have been
developed. With the exception of Canada and Turkey, there are few large-scale
hydroelectric power projects planned for the future. Instead, most renewable
energy growth in the OECD countries is expected to come from nonhydroelectric
sources, especially wind and biomass. Many OECD countries, particularly those
in Europe, have government policies, including feed-in tariffs, tax incentives, and
market-share quotas, that encourage the construction of renewable electricity
facilities.
In contrast to the OECD countries, hydroelectric power is expected to be the
predominant source of renewable energy growth in the non-OECD nations.
Strong growth of hydroelectric generation, primarily from mid- to large-scale
power plants, is expected in China, India, Brazil, Vietnam, and Laos. Growth rates
for wind-powered electricity generation also are expected to be high in the non-
OECD countries, with the largest increment in China, which accounts for 88
percent of the total increase in non-OECD wind generation. From 2 billion
kilowatt hours in 2006,
generation from wind plants in
China increases to 315 billion
Kwhrs in 2030. Still, the total
increase in China’s wind-
powered generation is only about
one-half the expected increase in
the country’s hydroelectric
generation.
Electricity generation from
nuclear power worldwide
8 Etree Projects Consultants Pvt Ltd.
economically with fossil fuels over the projection period, except in a limited
number of niche markets. Government policies and incentives typically are the
primary drivers for the construction of renewable generation facilities.
As renewable energy use increases worldwide, the mix of fuels in the OECD and
non-OECD regions differs in the reference case. In the OECD nations, the
majority of economically exploitable hydroelectric resources already have been
developed. With the exception of Canada and Turkey, there are few large-scale
hydroelectric power projects planned for the future. Instead, most renewable
energy growth in the OECD countries is expected to come from nonhydroelectric
sources, especially wind and biomass. Many OECD countries, particularly those
in Europe, have government policies, including feed-in tariffs, tax incentives, and
market-share quotas, that encourage the construction of renewable electricity
facilities.
In contrast to the OECD countries, hydroelectric power is expected to be the
predominant source of renewable energy growth in the non-OECD nations.
Strong growth of hydroelectric generation, primarily from mid- to large-scale
power plants, is expected in China, India, Brazil, Vietnam, and Laos. Growth rates
for wind-powered electricity generation also are expected to be high in the non-
OECD countries, with the largest increment in China, which accounts for 88
percent of the total increase in non-OECD wind generation. From 2 billion
kilowatt hours in 2006,
generation from wind plants in
China increases to 315 billion
Kwhrs in 2030. Still, the total
increase in China’s wind-
powered generation is only about
one-half the expected increase in
the country’s hydroelectric
generation.
Electricity generation from
nuclear power worldwide
8 Etree Projects Consultants Pvt Ltd.
