By Tom Schueneman, iSustainable Earth:
According to the just-released 2012 Renewable Energy Scorecard from the Natural Resources Defense Council (NRDC), global renewable energy production has shot up by nearly 275 percent in the past ten years. Global renewable energy investment soared to $257 billion in 2011.
In 2002 countries meeting in Johannesburg for the tenth anniversary of the first United Nations Earth Summit in Rio de Janeiro committed to “substantially increase” the share of renewable sources to the global supply ofenergy. Reporting a 275 percent increase is good news as representatives prepare for the start of the Rio+20 UN Conference on Sustainable Development next week, but the stark fact is that it is only the beginning of along road toward sustainability.
Jake Schmidt, NRDC’s director of international climate policy, says nations must “step up their game” in order to hit a target of 15 percent global production from renewable energy sources by 2020, a goal many clean energy economists and advocates say is required to get the world on the right path toward sustainability…. Read more