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Renewable Energy use rises in 2014 - 22th June 2015

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Renewable energy continued to grow globally in 2014 despite rising energy use and a dramatic decline in oil prices during the second half of the year, according to the latest report. The report attributed this to the growth in renewable energy and improvements in energy efficiency.

Renewable energy provided an estimated 19.1% of global final energy consumption in 2013, and growth in capacity and generation continued to expand in 2014.

The largest increase in capacity and the most rapid growth was led by wind, solar and hydropower.

The Renewables 2015 Global Status Report found that for the first time in four decades, while the global economy grew, global carbon emissions associated with energy consumption remained unchanged from 2013 levels.

There were record installations for wind and solar PV in 2014, while renewable energy targets and other support policies were created in 20 more countries, bringing the total to 164.

The report stated that this support powered the growth of solar, wind and other renewable technologies to a record-breaking energy generation capacity last year of around 135GW of added renewable energy power. The total installed capacity increased to 1712GW, up 8.5% from the year before.

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