Renewable Sources Contributed Nearly 10 Percent To US Electric Generation In 2006
Dublin, Ireland (SPX) Jun 22, 2007
Research and Markets has announced the addition of Green Energy in the US: Renewable Investment, Capacity Growth and Future Outlook to their offering. The future of power generation in the US is at an interesting cross-road. On the one hand, cheap generation technologies such as coal and natural gas fired plants are well positioned to dominate future power generation if the current legislative and regulatory environments persist.
Some key findings from this report...
- Electricity generation in the US is dominated by coal. During 2006, 48.9% of the total US electric power was generated at coal-fired plants.
- Renewable sources contributed approximately 9.5% to US total electric generation in 2006, generating 385.0bn kWh of electricity.
- Wind was the fastest growing source of power generation in the US during 2006.
- US electricity consumption is projected to increase by only 1.5% per year between 2005 and 2030 according to EIA. It forecasts that coal will continue to dominate power generation with a share of 57.0% in 2030 and that renewables will contribute only 9.0% in that year.
- The outlook for renewables in the US is dependent on the course of future federal and state legislations. Legislation that introduces an effective cap and trade system, by placing a price on carbon emission, could enhance the growth of renewable energy by making it more competitive with conventional sources.
Green Energy in the US
Renewable investment, capacity growth and future outlook
The future of power generation in the US is at an interesting cross-road. On the one hand, cheap generation technologies such as coal and natural gas fired plants are well positioned to dominate future power generation if the current legislative and regulatory environments persist.
On the other hand, the increasing public and political concern about climate change has made it likely that legislative changes that usher in some form of price on carbon emission is imminent.
In addition, the US is taking the lead in establishing RPS measures to encourage wider use of greener power. Green Energy in the US: Renewable investment, capacity growth and future outlook is a new report that assesses the outlook for renewable energy in the US and analyzes each of the key renewable technologies.
This new report examines the current market, assesses the key drivers and resistors and forecasts future potential growth areas. Assess the future prospects and investment potential for renewable technologies in the US with this new report.
This new report will enable you to...
- Benchmark the growth potential for each of the leading renewable energy technologies in the US using this report's independent comparative assessment of the six leading technologies.
- Understand the drivers and resistors of the key renewable technologies in the US with the help of this report's overview of the factors affecting technologies' growth.
- Assess the competitive landscape for renewable technologies in the US with this report's detailed analysis of the market structure including capacity and generation, global comparison, economic conditions and key players.
- Identify the leading players in US renewable energy technologies using the analysis of the key competitors contained in this report.
Key issues examined in this report...
- Climate change. There is a growing concern about the climate change issue in the US. Public opinion is expected to spur legislative change at both state and federal levels to encourage further use of renewable sources to generate power.
- Cap and trade mechanism. Legislation which ushers in an effective cap and trade system, by placing a price on carbon emission, could enhance the growth of renewable energy by making it more competitive with conventional sources such as coal and gas.
- Increasing corporate activism/Corporate Social Responsibility. Demand for renewable energy among large firms is growing rapidly. For example, Wal-Mart is intending to introduce a program to power its stores with solar power generated on-site.
- Federal and state legislation. The outlook for renewables in the US is dependent on the course of future federal and state legislations on climate change and to promote renewables.
Your questions answered...
- What are the top technologies in the renewable energy sector in the US?
- What are the emerging trends in the renewable energy industry in the US?
- What are the drivers and resistors of the renewable energy technologies in the US?
- What is the contribution of the different renewable energy technologies to the total electricity market in the US?
- What is the relative market positioning of different renewable technologies in the US in the global renewable energy industry?
- What are the economics of different renewable technologies in comparison with the conventional sources?
- Who are the key players in different renewable energy technologies?
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Beijing (AFP) June 21, 2007
China on Thursday accused the developed world of hypocrisy on climate change as it defended itself against a report that said it had passed the United States as the world's top emitter of carbon dioxide. A Dutch government research body said Tuesday that China's carbon dioxide emissions -- the main greenhouse gas responsible for global warming -- surpassed those of the United States by eight percent in 2006.
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