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8 Forests and energy RENEWABLE ENERGY Renewable energy consists of energy produced and/or derived from sources that can be renewed indefinitely, such as hydro-, solar and wind power, or sustainably produced, such as biomass. Notwithstanding the forecast dominance of fossil fuels, the use of renewable sources of energy is expected to expand. Based on United States Energy Information Administration (EIA) projections, marketed renewables will grow over the next decades at an annual rate of around 1.9 percent. The greatest absolute increases are expected in North America, Asian developing countries and Central and South America (Figure 4). Annual growth rates in consumption of renewables are expected to be highest in the Near East, Asian developing countries and Central and South America (Table 2). In Asian developing countries, the trend is driven more by increased energy consumption than a particular focus on renewables as in Central and South America. In most of the world’s regions, the proportion of energy from marketed renewable sources is expected to increase in the coming years (Figure 5). By far the greatest overall proportion of renewable energy consumption is in Central and South America, where economically competitive non-fossil fuel sources of energy are already well established FIGURE 4 Marketed renewable energy consumption for OECD and non-OECD countries, 1990–2030* Quadrillion Btu 16 14 12 10 8 6 4 2 0 1990 1995 2000 2005 2010 2015 2020 2025 2030 Non-OECD Asia Near East Africa Central & South America OECD North America OECD Europe OECD Asia Non-OECD Europe & Eurasia *Projections after 2004 Note: does not include traditional biomass Source: EIA, 2007 YearPDF Image | Energy supply and demand
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