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Follow on Google News | Government Initiatives and Regulations Trigger Paradigm Shift in the Renewable Energy CauseRegulations to meet the renewable portfolio goals and emission standards are the predominant drivers for the renewable energy markets.
By: Frost & Sullivan New analysis from Frost & Sullivan (http://www.technicalinsights.frost.com) If you are interested in a virtual brochure for this study, please send an e-mail to Sarah Saatzer, Corporate Communications, at sarah.saatzer@ “The EU Renewable Energy Directive 2009/28/EC requires 20 percent of energy to be generated from renewable sources by 2020, and sets each European country with a specific target,” notes Technical Insights Research Analyst Elaine Chan. “In US, the Renewable Portfolio Standard (RPS) and other state programs have been critical in spearheading renewable energy development.” The economic recession that hit the world market from late 2008 until early 2010 had closed down many projects related to renewable energy and alternate energy. Stimulus plans across the globe were able to keep only some of them active, and this has been a major setback for the development of technologies pertaining to energy efficiency and green energy. The conservative nature of participants in the energy industry has prevented them from adopting new technologies. They are hesitant to shift from the proven traditional technologies to the new green technologies. Among the different countries in the world promoting green buildings, Germany has the best energy efficiency requirements for new buildings. Currently, 30 percent more efficiency has been achieved, and 30 percent more will be reached by 2012. Policies are aimed at promoting and supporting passive and other highly efficient new buildings with additional incentives. “All developed countries have at least voluntary energy certification systems or plans to implement building energy certificates,” The smart grid segment has attracted substantial venture capital investment. While commercial deployment of smart grids could begin in 2011, consolidation in the smart grid sector can be expected in the next two years. Energy Technology Regulations and Policy Trends for Energy Efficiency, a part of the Technical Insights subscription, provides a comprehensive overview of policies, regulations, and investments in clean energy and energy efficiency technologies. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants. Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com. Energy Technology Regulations and Policy Trends for Energy Efficiency D1E8 Sarah Saatzer Corporate Communications – North America P: 210.477.8427 E: sarah.saatzer@ http://www.frost.com http://www.technicalinsights.frost.com End
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