For Sustainable Development: Future Trends in Renewable Energy and Enabling Technologies

Energy demand in the world is nowadays growing further out of limits of installable generation capacity. Therefore, future energy demands should be met and improved efficiently and securely. Energy solutions should be supported by utilizing renewable energy sources. At present, the contribution of renewable energy to the world primary energy is not high to meet the primary energy and electricity supplies. Both developed and developing nations will necessarily continue to rely on fossil fuels in the coming decades. In developing countries, the situation is more inconvenient than that for developed countries. Many developing countries have been apparently trying to restructure their energy sectors. It seems that it is difficult to realize innovations. Cost, market share and policy are the main barriers for the development of renewable energy. In the strategy plans of many countries, the sustainable development in relation to the parameters such as economic, social and industrial is supported by their energy policies. New enabling technologies related to renewable energies will also help to reduce environmental costs, and thus the energy systems will be operated as both securely and economically without environmental problems. New renewable energy markets are surely required in both the wholesale and retail markets.