Renewable power generation will come to account for a third of the total by 2023, the International Energy Agency said in its latest report on the industry, Renewables 2018 . More widely, renewable energy growth will represent 40 percent of overall global energy consumption growth, the authority said. Surprisingly, the IEA expects the fastest-growing renewable energy source in the next five years to be bioenergy. “Modern bioenergy is the overlooked giant of the renewable energy field,” IEA’s head, Fatih Birol, said. “Its share in the world’s total renewables consumption is about 50% today, in other words as much as hydro, wind, solar and all other renewables combined. We expect modern bioenergy will continue to lead the field, and has huge prospects for further growth.” Indeed, bioenergy has a brighter future because it is a lot more widely deployed in heating and transport than solar and wind—something that the IEA […]