Modern bioenergy leads renewables growth

8 October 2018

 

According to the International Energy Agency’s latest market forecast, modern bioenergy is set to have the biggest growth in renewable resources between 2018 and 2023.

“Modern bioenergy is the overlooked giant of the renewable energy field. Its share in the world’s total renewables consumption is about 50% today, in other words as much as hydro, wind, solar and all other renewables combined,” said Dr Fatih Birol, the IEA’s executive director. 

IEA's Renewables 2018 market analysis and forecast report states that renewables will continue their expansion in the next five years, covering 40% of flobal energy consumption growth.  

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