03 Aug Norway ranked global leader in renewable energy
A study by energy tariff comparison platform Utility Bidder has found that Norway is the country with the highest share of renewable power in its total energy mix.
The Nordic nation derives 56% of its total energy supply from renewable sources, with a huge 45% coming from Norway’s hydropower industry. The country is known for its many steep valleys and rivers and high rainfall, meaning hydroelectricity is bountiful.
Brazil is the leader in biofuel and waste energy, which accounts for 32.1% of its total energy supply according to the study, which is based on figures sourced from the International Energy Agency.
The Latin American country is the second largest producer of ethanol fuel, with its sugarcane-based ethanol touted as the most successful alternative fuel to date, based on advanced agri-industrial technology.
In New Zealand, renewable energy sources account for 42% of its energy supply. The island nation is also a world leader in wind and solar energy, which comprise 25% of its energy supply.
On the other end of the spectrum, Singapore is the country most reliant on fossil fuels, with 98% of tits energy supplied by coal, oil and natural gas. It is home to major oil companies such as Exxon Mobil, due to its ideal trading location and perceived safe environment.
Singapore is closely followed by Australia, with 93% reliance and South Africa with 91%.