The USA can increase the use of renewable energy in its energy mix from 7.5 per cent in 2010 to 27 per cent by 2030, according to a new report released. Renewable Energy Prospects: United States of America, prepared by the International Renewable Energy Agency (IRENA), also says the US can increase its use of renewable energy in power generation from 14 per cent to almost 50 per cent by 2030.
With current policies in place, the share of renewable energy in the US energy mix will only reach 10 per cent by 2030. REmap 2030 estimates that an annual investment of US$ 86 billion between now and 2030 is required to reach the 27 per cent renewables mark – an increase of US$ 38 billion annually beyond a business-as-usual scenario. But, the higher renewable share will result in an annual savings of US$ 30 to 140 billion by 2030 when accounting for factors like human health and reduced emissions. The report is part of IRENA’s renewable energy roadmap, REmap 2030, which provides a plan to double the share of renewable energy in the world’s energy mix by 2030.
