Expansion of the global renewable energy market is set to continue increasing despite the current economic situation, forming a fundamental part of how many countries will meet their post-Kyoto targets. The ability to up-skill and transfer knowledge at a European level is going to be critical to meet this expected demand and to successfully compete on a global basis, say Sunil Shah and Andrew McDade.
Whilst the global market is maturing, there is a need to better understand the competencies of those involved in the profession providing a level of credibility and assurance to investors and stakeholders.
Growth of the renewable technology sector
Over the past decade there has been an increasing focus on carbon reduction in light of increasing evidence on the impacts of climate change. This has led to the 1997 Kyoto agreement and the current discussions on a subsequent global agreement post Kyoto, despite Copenhagen. The European Union has signalled its intentions with the EU renewable energy target of 20% by 2020 and the UK with a legally binding carbon budget reduction of at least 34% by 2020.