Renewable energy and oil price

In the field of world energy production, two main features seem to emerge interestingly: photovoltaic energy and biofuels. Wind energy maintains its good position. The high price of oil is leading to a large number of research and development activities in the field of renewable energy. The production of photovoltaic cells was a 44% greater during 2005 than during 2004, sustained by the Japanese technology and by the high demand coming from Germany and Japan itself.

The European production of biodiesel has been a 65% greater than during 2004. Also the production of bioethanol is growing, above all in America, where USA and Brazil are the main producers. With 15 billions of bioethanol liters produced in 2005, USA cover a 2.7% of their total fuel consumption. The high price of oil helps the production of bioethanol in countries as Brazil, where a long experience permitted to develop reliable methods to produce biofuels at lower prices in comparison with oil derivatives.

Germany represents the 50% of the whole production of world biodiesel, the 35% of photovoltaic energy and the 30% of wind energy. The direction is given, some doubts remain over the effective sustainability of this model.

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