News about Solar, Wind and alternative green power technologies

There is a force of magnetism based on cost-effectiveness and abundance, which is luring industrialized countries to invest in renewable energy. The European Commission has already established strong targets concerning alternative sources of energy. By year 2020, 20 percent of electricity is expected to be provided through renewable sources in the European zone.

These are solid targets aimed to reduce greenhouse gas emission and to provide more employment. In Germany, the aim is to triple the amount of green energy. In 2005, the renewable energy represented 5.8 whereas in 2020 it is predicted to account for 18 percent of the need of energy.

The German Environment Ministry, considers that renewable energy is a significant pillar for the industry. It will secure employment, reduce effects on climate change and eliminate dependency on imported sources of energy. In America, President Obama is constructively emphasizing on the imperativeness to invest in green technology. The American Recovery and Reinvestment Act allocated $60 billion for clean energy projects.

Many supporters are echoing the win-to-win situation involved in investing in clean energy. It is the key for construing long-term prosperity as well as recovery. The president of America, Obama has objectively mentioned Germany as a benchmark regarding green investment.

Germany has been supporting renewable energy technology for over two decades already. It has created employment and secured a strong growing renewable sector. However, it has been found that government intervention to assure the success of renewable energy remains primordial. Free market system has previously been unable to assure a viable cost-structure of alternative sources of energy without the support of public funds.

In Germany, the clean tech growth has mainly been in wind energy, photovoltaic (PV) and biomass. These three sources of renewable energy account for 90 percent of clean technology used in the country. Subsidies have accounted for most of the alluring growth. Yet, it is worth the cost as it provides long-term promises, for the environment, economy and for sustainability of energy.

The generous financial support offered by the German government has doubled the quantity of renewable electricity since 2000 up to 2009. The most important sources of renewable energy in Germany is wind and it accounts for 6.3 percent, biomass-based electricity stand for 3.6 percent followed by water power representing 3.1 percent of totally electricity supply. Solar energy in 2008, accounted only for minor 0.6 percent of total energy supply, which is insignificant.

Source: Germany Study