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Governments struggle to find policies that will spur renewable-energy industries — without coddling them
February 12, 2007 by Leila Abboud, Staff Reporter Paris bureau in Wall Street Journal
February 12, 2007 by Leila Abboud, Staff Reporter Paris bureau in Wall Street Journal
Since the oil shocks of the 1970s, governments around the world have paid plenty of lip service to renewable energies such as wind and solar power. But only a few governments have been able to engineer policies that have begun to bring alternative energies into wider use. Renewable fuels provided 18% of the world’s total electricity supply in 2004, according to figures from the International Energy Agency, a Paris-based intergovernmental organization. Almost all of that, though, came from hydropower, a source with limited growth potential because of geographic constraints. The use of wind and solar power is growing, but they still generated only 1% of global electricity production in 2004, the latest year for which figures are available.
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