September 6, 2018 Read More →

EU Chance to Take Renewables Lead From China Slim, Political Will Vital – Assoc.

Sputnik International:

Europe could have a chance to retake the lead over China in renewable energy production, but so far the political will and legal framework is not sufficient to achieve this goal, Rainer Hinrichs-Rahlwes, Vice-President of the European Renewable Energies Federation (EREF), told Sputnik Wednesday.

EREF is the federation of national renewable energy associations from the EU member states.

Since 2016, China remains a worldwide leader in the renewable energy production, according to International Renewable Energy Agency’s (IRENA’s) Renewable Energy Statistics 2018 yearbook. It produces more renewable energy than all European countries combined.

“In the past, it was Europe leading. It was several European countries — Germany, Denmark, Spain and some others. Because they had very good policy frameworks. But then, when it was no longer new, and existing utilities felt that this might be a competition for them, there was a political debate in Europe that has led to somehow slowing down the transformation to renewable energy,” Hinrichs-Rahlwes said on the sidelines of the IRENA Innovation Week in Bonn.

China, on the other hand, has a constantly growing energy need, a grave air pollution problem, and nuclear plants is not a solution because of high prices and safety risks, he explained.

“That is why they have started to invest more and more in renewable energy… Wind and solar energy is the least-cost solution, that is why they are doing it,” Hinrichs-Rahlwes said.

According to the January 2018 report by the Institute for Energy Economics and Financial Analysis (IEEFA), China’s total investment in clean-energy projects in 2017 stood at over $44 billion — a significant growth from $32 billion in 2016.

EU Chance to Take Renewables Lead From China Slim, Political Will Vital – Assoc.

Posted in: IEEFA In the News

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