According to The Australian Financial Review, Bioenergy, the "overlooked giant" of the renewable energy industry, will see the biggest growth of all renewables technologies over the next five years but it will be solar that dominates growth in the electricity sector, according to the International Energy Agency.
A report released early Monday in Paris found renewable energy would expand by 27 per cent by 2023, with bioenergy - such as sugarcane, wood waste and straw - leading the way because of its significant use in the transport and heat sectors.
But bioenergy's share of the total renewables pie is being eroded by huge growth in solar, which saw expansion of 97 gigawatts last year and is expected to grow by almost 600 GW more by 2023, more than all other renewable power technologies combined. Bioenergy still has huge untapped potential to "green" the industry and transport sectors but robust regulations are required to govern its supply and use, the IEA said.
Australia is expected to see growth of more than 90 per cent in renewable energy consumption by 2023, dominated by solar PV, which will account for three quarters of the expansion.
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