Global Wind Initiative Failing
Essentially, as outlined in this year’s Global Wind Report, we need to accelerate wind energy installations from a level of 117 GW in 2023 to at least 320 GW of annual installations by 2030. Ben Rockwell, CEO, Global Wind Energy Council.
Climate Change Cost –$38 Trillion A Year
As is the case with most coordinated efforts to slow climate change, the effort in wind energy is behind. Given that many governments are not entirely committed to the goals and that capital is available for private company efforts, this is not likely to be reversed.
However, there are still many parts of the world where growth has been sluggish or non-existent, particularly in the Global South.
Many of these nations are poor, and no government or private sector capital is available. China continues to lead the sector’s growth, followed by the EU, the US, India, and Brazil. This is particularly true in terms of new offshore developments.
As Semfore pointed out, “The Global Wind Energy Council’s annual report said that wind’s total global capacity is over 1,000 gigawatts, more than 30 times New York City’s peak demand.” In terms of global energy needs, that is not very much.
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