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

September 28, 2005

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.




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