|WADE works to accelerate the worldwide development of high efficiency cogeneration, onsite power and decentralized renewable energy systems that deliver substantial economic and environmental benefits. In an effort to raise the profile of cogeneration as a climate change mitigation strategy in the 1997 UNFCCC climate change negotiations the International Cogeneration Alliance was founded. In 2002 the group changed its name to WADE and broadened its scope to include all manner of DE technologies.|
The wider use of DE is a key solution to bringing about the cost-effective modernization and development of the world’s electricity systems.Existing decentralized energy (DE) technologies can reduce delivered energy costs and decrease emissions of CO2 as well as other harmful pollutants. Inefficient central power systems currently represent the majority of the world's existing installed electricity capacity and generation but there is growing evidence that the DE's market share is growing rapidly. Research by WADE estimates that in 2005 DE accounted for about 10% of installed capacity compared to 7% in 2001. Perhaps even more significant, almost 25% of electricity generated by new capacity added in 2005 was generated by DE installations.
WADE’s five key objectives and programmes
- To provide its Members and supporters with value added market intelligence, information and business opportunities;
- To bring about effective power sector reform which eliminates barriers to DE and creates real market opportunity for DE;
- To co-ordinate the creation and monetisation of high quality carbon credits from DE projects;
- To compile global data on all aspects of DE development;
- To support the establishment of DE groups in every country.