In 2010, renewable energy supplied an estimated 16% of global final energy consumption and delivered close to 20% of global electricity. Renewable capacity now comprises about a quarter of total global power-generating capacity.
The report was commissioned by REN21 and produced in collaboration with a global network of research partners.
Biomass and biogas are the cheap, decentralised renewable energies to choose for India. But the ministry of renewable energies -- and the technocrats and entrepreneurs surrounding it -- appear to favour hi-tech solutions such as grid solar power, with only a few exceptions such as the project to produce power from rice husk in 10,000 villages in eastern India
The government is planning to set up a green bank by leveraging the Rs 5,000-crore national clean energy fund expected annually through a cess on domestic and imported coal.
The proposed bank will fund projects to generate electricity from wind, solar, tidal and other renewable sources, which currently contribute about 6,000 MW in India's power capacity of about 150,000 MW.