Cost, not capacity, is the crucial statistic for renewable energy

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The Carbon Brief

According to one football commentator, statistics are like Speedos, they reveal an awful lot, but they never quite give you the full picture.

The same is true when it comes to renewable energy.

The sector has had a tough few years. Riding out the recession while dependent on support from public money is no joke and the industry has rightly celebrated its successful passage through a turbulent period.

Today a report from WWF claims that Europe could be generating more than 40% of its energy from renewable sources by 2030.

Yesterday the Global Wind Energy Council (GWEC) revealed that the amount of installed wind power grew by 19% last year. A growth rate of 20% doesn’t mean much when you are starting out with such a low base.