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Asia-Pacific Renewable Energy Market To Hit 535.2 GW By 2020 (GBI Research Report)

According to a recently published report by GBI Research*, the Asia-Pacific region’s cumulative installed capacity from renewable energy sources (excluding hydropwer) is expected to reach 535.2 GW (535,200 MW) by 2020.

Of course, the rapid economic growth of several countries in this region is a key factor stimulating this projected growth, as well as the urgent and widely recognized threat of global warming.

The percentage of power generated from renewable energy sources is expected to rise from 12.1% in 2011 to around 19% in 2020, according to GBI Research’s Renewable Energy Market in Asia-Pacific to 2020 report*. While that may look good superficially, that means that the greatly expanded power markets of the Asia-Pacific region would still be powered 81% by fossil fuels, nuclear energy, and hydropower — quite disheartening. Such a scenario would very likely lead us to catastrophic climate change that is hard to even think about.

Getting back to the report, I will give you 5 full pennies if you can guess which country will lead the way in renewable energy growth (answer after the jump).


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