Renewables in the Mediterranean
German-Italian Cooperation for the Development of Renewable Energies in the Mediterranean – The SuperSmart Grid
Berlin, March 28, 2008
The world today is facing increasing energy prices, diminishing fossil energy resources and rapidly increasing energy demand. Today, the price of oil is around 100 $/bbl. Over 60 oil-producing countries have already passed their production peaks; the exploitation of world oil reserves continues to outpace the discovery of new resources. At the same time, a 50% increase in world energy demand is expected by 2030, leading to tougher competition for diminishing resources. Read more