Energy and Capital
A new report from the Global Wind Energy Council and Greenpeace suggests that wind power could account for a full fifth of the world‚Äôs energy needs by 2030. Total installed capacity is projected to increase more than fourfold, from 240 GW (end 2011) to 1,100 GW (2020). It could then provide power for as much as 11.7 to 12.6 percent of the world‚Äôs electric needs, meaning CO2 emissions reductions of almost 1.7 billion tons.
Less optimistically, total capacity may just reach between 587 and 759 GW, but that‚Äôd still account for more than 8 percent of the world‚Äôs electricity supply. However, the report stresses the urgent necessity for systematic broad-base government support to ensure that the fledgling industry is allowed to flourish. From CleanTechnica:
Sven Teske, Greenpeace‚Äôs senior energy expert: ‚ÄúThe most important ingredient for the long term success of the wind industry is stable, long term policy, sending a clear signal to investors about the government‚Äôs vision for the scope and potential for the technology.‚Äù