How did Major Organizations Underestimate Renewables?

Projected-renewables-share-of-global-primary-energy-570x568

Over the past 15 years, a number of predictions – by the

  • International Energy Agency,
  • the US Energy Information Administration,
  • Bloomberg New Energy Finance,
  • Exon Mobil,
  • Global Energy Assessment Scenario Database,

and many others –have been made about the future of renewable energy growth. Almost every one of these predictions has underestimated the scale of actual growth experienced by the wind and solar markets. Only the most aggressive growth projections, such as Greenpeace’s Energy [R]evolution scenarios, have been close to accurate.

All have posted increasing numbers on the issue. However, almost all of their predictions have underestimated the actual growth that wind and solar power have experienced so far. To the surprise of many official participants, the forecasts from Greenpeace, via Meister Consultants Group, Inc., international sustainability analysts and strategy planners, have proven to be the most reliable of all.

Let’s start with the study’s individual results for global wind power and solar PV.

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Categories: Economic Indicators

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