For Immediate Release – November 11, 2014
Washington, D.C. – U.S. renewable power industries hailed the goal announced overnight at the Asia-Pacific Economic Cooperation (APEC) summit in Beijing of doubling renewable energy in the 21 member economies by 2030, and said they are ready to do their part. This follows last year’s commitment to encourage technology transfer, and joint efforts to lower costs and attract investment.
“The commitment by APEC to double its renewable energy targets sends a strong signal to markets that cover over 40% of the world’s population, 44% of global trade and more than half of the world’s GDP,” said Michael Brower, President and CEO of the American Council On Renewable Energy. “The range of technologies available today to provide low carbon, low cost and locally-sourced energy is impressive. The world must take collective action to limit damage from climate change and renewable energy can solve this challenge while also offering economic growth.”