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And the winner is... new renewables pass new fossil fuels globally
And the winner is... new renewables pass new fossil fuels globally Nathanael Greene s Blog Switchboard from NRDC
Great news!! Economics is pushing renewables past fossil fuels!
And the winner is... new renewables pass new fossil fuels globally Nathanael Greene s Blog Switchboard from NRDC
Start spreading the news: The world is now deploying more renewable energy in the production of electricity--more wind and solar power, in particular--than it is fossil fuels. And it has been since 2013, according to the analysts at Bloomberg New Energy Finance. That year, the world added 143 gigawatts of new renewables capacity, compared to the 141 gigs of power generated by coal, natural gas, and oil combined. Not only that, but by 2030, we'll likely add a whopping four times as much renewable energy generating capacity as fossil fuel capacity, the Bloomberg folks say. "The electricity system is shifting to clean," Michael Liebreich, of BNEF, said at the company's The Future of Energy Summit 2015 in New York City this week. "Despite the change in oil and gas prices, there is going to be a substantial build-out of renewable energy that is likely to be an order of magnitude larger than the build-out of coal and gas."
Hip, hip, hooray!
That doesn't mean we're out of the woods, global warming-wise. Renewables still produce less energy (gigawatt-hours) than fossil fuels. Worldwide and here in the U.S., we're still not investing nearly as much as we need to to prevent the worst impacts of climate change. But we're making headway and the goal is in sight, assuming we continue with policies that incentivize clean energy for all it has to offer. Here I mean, of course, significant climate change mitigation, cleaner air for our kids to breathe, improved public health (and the decreased healthcare spending that comes with it), and good jobs galore.
Great news!! Economics is pushing renewables past fossil fuels!