The wind power industry on Monday projected growth to rapidly accelerate this year, with incentives and policy changes in key nations helping to overcome factors that led to a slowdown in 2022.
CEO Ben Backwell wrote in the report. “Governments of all the major industrialized nations have enacted policies that will result in a significant acceleration of deployment.”pointed to incentives for renewable energy development in the Inflation Reduction Act in the United States, and policies in Europe and China that further expand the role of renewables.
China led the world in both onshore and offshore wind development last year, and is expected to continue to lead in 2023. The Asia-Pacific region surpassed Europe in 2022 as the world’s largest offshore wind market, according to the report. Europe continues to build the most floating offshore wind farms.
The industry’s year-over-year growth, forecast to be 15%, is enormous compared to most other industries, thesaid. But even that rapid growth will fall short of what experts say wind needs to contribute to renewables growth by 2030 to stay within the 1.5 degrees Celsius warming threshold that scientists have said is imperative to prevent the worst effects of climate change.
“The message for policymakers from this year’s Global Wind Report is clear: it is time to double down on your ambition and deliver the support that will secure the clean energy future dawning in front of us,” Backwell said in a statement.Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wind industry predicts bounceback and rapid growth in 2023The wind power industry on Monday projected growth to rapidly accelerate this year, with incentives and policy changes in key nations helping to overcome factors that led to a slowdown in 2022.
Read more »
Wind industry predicts bounceback and rapid growth in 2023The wind power industry projects growth to rapidly accelerate this year, with incentives and policy changes in key nations helping to overcome factors that led to a slowdown in 2022.
Read more »
Wind industry predicts bounceback and rapid growth in 2023This year, the industry will reach a historic milestone — 1 terawatt, or 1,000 gigawatts, of wind energy installed worldwide, according to the Global Wind Energy Council.
Read more »
Wind industry predicts bounceback and rapid growth in 2023The wind power industry on Monday projected growth to rapidly accelerate this year, with incentives and policy changes in key nations helping to overcome factors that led to a slowdown in 2022. The Global Wind Energy Council in Brussels also cited concern about climate change , as well as secure energy supplies following Russia’s invasion of Ukraine, for a fast-growth outlook in its annual Global Wind Report.
Read more »
WonderCon 2023: ‘Life saving’ cosplay emergency repairs out in full forceCosplay fixer dedicate their Cons to quick-fixing any costume mishaps for cosplayers during the WonderCon weekend.
Read more »
Battle Shapers Announced For Release In Q3 2023BattleShapers debuted during the Future Games Show this past week, showing off the FPS roguelite before it comes out later in 2023. indiedev indiegame
Read more »