{"id":8161,"date":"2018-07-25T20:29:50","date_gmt":"2018-07-25T19:29:50","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=8161"},"modified":"2018-07-25T20:29:50","modified_gmt":"2018-07-25T19:29:50","slug":"renewable-energy-investment","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=8161","title":{"rendered":"Renewable energy investment"},"content":{"rendered":"

\"800px-Shelby_Farms_Solar_Farm_Memphis_TN_2013-02-02_008\"<\/a>Somewhere recently I read that renewable energy investment had stalled and according to the latest report from the International Energy Agency (IEA) this is true.\u00a0 Overall energy investment declined (which is in itself surprising).\u00a0 By 2% in real terms.\u00a0 But this energy investment was in “conventional” sources of energy nuclear, coal and hydro.\u00a0\u00a0 Renewable energy investment in the from of solar continues to soar.\u00a0 Offshore wind investment also soared but this was offset by a fall in onshore wind and hydro.\u00a0 Overall there was a 7% fall in Renewable energy investment.\u00a0 Nevertheless investment in conventional sources makes up two thirds of all investment still.\u00a0 (I wonder how long before we call solar conventional?)\u00a0 There is still an ongoing shift towards cleaner sources of energy though its % has fallen slightly this year with a modest increase in oil and gas spending.<\/p>\n

Solar costs are still continuing to fall (by a huge 15%) last year as well.\u00a0 This bodes well for the future.<\/p>\n

There is a huge increase in electric and hybrid car sales and they now make up 1% of all sales globally.\u00a0 The IEA interestingly give an estimate of their reduction in oil demand.\u00a0 Its 30,000bpd.\u00a0 To put this in context oil demand is about 98 million currently.<\/p>\n

Heat pump sales have continued to soar although from a low base.\u00a0 As this blog has covered before several times renewable heat is a problem.\u00a0 Solar hot collector sales although high in value terms continued a long term decline (why)?<\/p>\n

Finally encouragingly investment in energy efficiency continued to grow albeit more slowly than in previous years. Much of this is due to the fitting of LED’s which is very cost effective.\u00a0 Worryingly energy intensity reductions are slowing though and this is one to watch as we need to cut our energy use sharply in the West so as to allow the developing world more energy use to catch up.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

Somewhere recently I read that renewable energy investment had stalled and according to the latest report from the International Energy Agency (IEA) this is true.\u00a0 Overall energy investment declined (which is in itself surprising).\u00a0 By 2% in real terms.\u00a0 But … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[29,4,1],"tags":[63],"class_list":["post-8161","post","type-post","status-publish","format-standard","hentry","category-energy-costs","category-renewables","category-uncategorized","tag-renewables-2"],"yoast_head":"\nRenewable energy investment - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=8161\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=8161\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=8161\",\"name\":\"Renewable energy investment - 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