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Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report showing that renewable energy is an essential part of Australia's low emissions energy mix and is important to Australia's energy security. It plays a strong role in reducing Australia's greenhouse gas emissions and helping Australia stay on track to meet its recently signed Kyoto target and beyond.
“Analyzing the Renewable Energy Industry in Australia” reports that the Australian Government support for renewable energy assists industry development, reduces barriers to the national electricity market, and provides community access to renewable energy.
The report shows that renewable energy effectively uses natural resources such as sunlight, wind, rain, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, hydroelectricity/micro hydro, biomass and biofuels for transportation.
In 2006, about 18% of global final energy consumption came from renewables, with 13% coming from traditional biomass, like wood-burning. Hydropower was the next largest renewable source, providing three percent, followed by hot water/heating which contributed 1.3%. Modern technologies, such as geothermal, wind, solar, and ocean energy together provided some 0.8% of final energy consumption. The technical potential for their use is very large, exceeding all other readily available sources.
The study shows that renewable energy technologies are sometimes criticised for being unreliable or unsightly, yet the market is growing for many forms of renewable energy. Wind power has a worldwide installed capacity of 74,223 MW and is widely used in several European countries and the USA. The manufacturing output of the photovoltaics industry reached more than 2,000 MW per year in 2006, and PV power plants are particularly popular in Germany.
“Analyzing the Renewable Energy Industry in Australia” is available from Report Buyer. For more information, see website.
Report Buyer product ID: ARU02209
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Report Buyer is a UK-based independent online store supplying business information. The website now carries over 44,000 business information products, including market reports, studies, books and events. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. A regularly updated blog provides information on the latest market trends.
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