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Green energy 25-30 pct of world mix by 2050-Shell

Posted on: Wednesday, 28 September 2005, 07:07 CDT

JOHANNESBURG (Reuters) - Growth in renewable energy sources is robust and they may account for a quarter of global consumption by 2050, an executive with Anglo-Dutch oil giant Royal Dutch Shell said on Wednesday.

"We believe that 25 to 30 percent of world energy needs will come from renewables by 2050," Jeremy Bentham, the Chief Executive Officer of Shell Hydrogen, told reporters on the sidelines of a global oil conference in Johannesburg.

"We are looking at taking a meaningful stake in that market," he said.

The conference heard that renewable sources of energy -- which include wind, solar and wave power -- currently account for between 5 and 6 percent of global energy needs.

European governments are subsidizing renewables projects such as windfarms as part of the push to curb greenhouse gas emissions in line with the Kyoto Protocol on climate change.

At the same time, near record oil and gas prices are driving demand for alternative energy sources.

Source: REUTERS

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