Joint press release issued by:
Logo: Federal Ministry for Economic Affairs and Energy Logo: Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ)

Share of renewable energy worldwide now about one fifth

04.06.2014 |

Today at the UN Forum on Sustainable Energy for All in New York, the Renewable Energy Policy Network for the 21st Century (REN21) and the UNEP Collaborating Centre for Climate and Sustainable Energy Finance will be presenting the latest figures on the global expansion of renewable energy. The share of renewables in global final energy consumption has now reached 19 per cent, that is, almost one fifth. Worldwide, at least 249 billion US dollars was invested in power and fuel production from renewable sources last year, of which some 35 billion dollars went to large hydropower projects with a capacity of more than 50 megawatts.

Sigmar Gabriel, Federal Minister for Economic Affairs and Energy, said: "Renewable energy has been gaining ground worldwide. And Germany is among the leaders when it comes to annual growth of the share of renewable power generation. Our coun­try is also a leader in terms of investment in this sector. Many coun­tries have made renewable energy an integral part of their energy policies. This also improves German companies' export opportunities, as German enterprises are global leaders on many energy technologies. At the same time, there is a growing need for even closer in­ter­national co­op­er­a­tion on renewable energy, because the challenges being faced by Germany as it transforms its energy system are similar to those faced by many other coun­tries."

Dr. Gerd Müller, Federal Minister for Economic Co­op­er­a­tion and De­vel­op­ment, noted: "Renewable energy gives people access to energy, enhances energy security and is cost-effective. That is why as many as 95 de­vel­op­ing coun­tries and emerging economies have adopted energy policies and targets for renewable energy. Germany will continue to lend strong support to this trend, and will help transform the global energy system together with its partners. In 2013 alone, we committed almost two billion euros in de­vel­op­ment co­op­er­a­tion funding for renewable energy and energy efficiency, including reduced-interest loans. This makes energy the largest single sector supported by the BMZ."

2013 was a record year in terms of the installation of new renewable power generation capacity. Worldwide, this amounted to 120 gigawatts – 8.3 per cent more than in 2012. Renewable sources thus accounted for more than half of all newly installed capacity in 2013. At present, more than 22 per cent of global power generation is based on renewable sources. Worldwide, some 6.5 million people are directly or indirectly employed in the renewable energy sector, and that number is rising.

The number of coun­tries that have adopted targets and support policies for the expansion of renewable energy has risen again, reaching 144. Two thirds of them are de­vel­op­ing coun­tries.

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