As economic development spreads and the population continues to increase, energy demand will continue to quickly rise. At the same time, 1.4 billion people globally do not have reliable access to energy, limiting economic opportunity in developing countries and hampering global development (WWF 2011). Renewable energy could provide a solution to the dual challenge of providing power to the energy poor and reducing the dependency of developing countries on fossil fuels. As a result, several gigatons of greenhouse gas emissions could be abated.
Investment in renewable generation has been growing but needs to be accelerated. Remaining barriers to market adoption include: lack of utility experience integrating renewable generation with the electricity grid, information gaps, and lack of financing for generation that typically has higher upfront costs but lower operational costs.
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