The beginning of a new year is as good a time as any to take stock of where we are as a nation and see how our fledgeling renewable energy industry stacks up against other countries’ markets. This is a difficult comparison to make, given the vast differences in geography, population, development and technological capability that we find across our globe. To paint a more rounded picture, we will look at the general state of renewable energy amongst the top 20 nations, ranked by Nominal GDP
(for this discussion we are using nominal GDP as it doesn’t take into account inflation – something that would have a volatile effect if we were reviewing GDP over a period of time rather than at just its current value).

In this ranking from the World Bank, Australia’s GDP is ranked 12th, making us relatively on par with Canada and Spain, who are, as it turns out, model bedfellows. Renewables (particularly hydro power) contribute 16.9% of Canada’s total energy supply, whilst accounting for a whopping 59% of its electricity generation. Spain paints a similar picture, with around 50% of its electricity coming from renewables, predominantly hydro and wind power (2013 figures).

So how does Australia sit comparative to its global neighbours? Continue reading Global Renewable Energy: How does Australia stack up? →