The “Energy (R)evolution: A Sustainable World Energy Outlook” says that two-thirds of Asia’s electricity needs can be met by renewable energy sources by 2050. If so, the aggressive investment could create an annual $360 billion industry worldwide and save $18 trillion in future fuel costs.

I wonder if the men and women punched their calculators to determine how many people depending on the fossil fuel industry will LOSE their jobs.

“With renewable energy growing four-fold not only in the electricity sector, but also in the heating and transport sectors, we can still cut the average carbon emissions per person from today’s four tons to around one ton by 2050,” said Philippines Campaign Manager for Greenpeace Southeast Asia.

“The global market for renewable energy can grow at double digit rates until 2050, and overtake the size of today’s fossil fuel industry. Currently, the renewable energy market is worth 70 billion dollars and doubling in size every three years,” said the Policy Director of the European Renewable Energy Council.

Well, for all I know, if Greenpeace said it, there’s got to be something wrong with the figuring. Still, we can dream, can’t we?

Source: Xinhuanet Image: myuiibe

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Yamagata Prefecture in Japan has a wood gas-to-energy power plant powered by gas engines made by GE.

The project generates power from renewable biomass resources that are in abundance and would otherwise be treated as rubbish.

The plant which is owned and operated by Yamagata Green Power a subsidiary of renewable energy development firm Japan Biomass Development, received the Best Renewable Energy Power Plant of the Year by Asian Power magazine.

Japan wants to increase renewable energy production to 3% of the country’s overall energy supply by 2010 an the biomass fuel production which is hoped to be 330MW by 2010, will sure help.

The plant is located in Japan’s largest cherry producing region and runs completely on wood gas without and backup fuel.

A forest nearby means the facility has a steady source of wood biomass for raw fuel and makes use of the forest’s trimmed branches, which had been disposed of previously. However, the basic question - can Japan grow trees faster than they can burn them up?

Press release