abu afak
ALLAH SNACKBAR!
- Mar 3, 2006
- 7,971
- 2,768
- 315
Contrary to what you'll here from most here, incl half skookerAssbil's posts, people DO care.
It's cost-effective, creating jobs, AND a better planet.
**** the Throwback and Trumpov... Coal IS Dead
THIS is why China put Solar on Priority and put alot of Western mfg out of Biz.
Wall Street Journal:
Global Investment in Wind and Solar Energy Is Outshining Fossil Fuels
In 2016, about $297 billion was spent on renewables—compared with $143 billion on new nuclear, coal, gas and fuel-oil power plants,
By Russell Gold - Wall Street Journal
June 11, 2018
Global Investment in Wind and Solar Energy Is Outshining Fossil Fuels
Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by Falling costs of producing wind/solar power.
More than Half of the power-generating capacity added around the world in recent years has been in renewable sources such as wind/solar, according to the Int'l Energy Agency.
In 2016, the latest year for which data is available, about $297 billion was spent on renewables—more than twice the $143 billion spent on new nuclear, coal, gas and fuel oil power plants, according to the IEA. The Paris-based organization projects renewables will make up 56% of net generating capacity added through 2025.
Once supported overwhelmingly by cash-back incentives, tax credits and other government incentives, wind/solar-generation costs have fallen consistently for a decade, making renewable-power investment more competitive.
Renewable costs have fallen so far in the past few years that “Wind and Solar now represent the Lowest-cost option for generating electricity,” said Francis O’Sullivan, research director of the Massachusetts Institute of Technology’s Energy Initiative.
This is beginning to disrupt the business of making electricity and manufacturing generating equipment. Both General Electric Co. and Siemens AG are grappling with diminished demand for large gas-burning turbines and have announced layoffs. Meanwhile, mostly Asian-based manufacturers of solar panels are flourishing....
WSJ is by subscription, and I can't post the rest due to OP Space constraints.
However, if anyone requests I could post the balance at some point.
`
It's cost-effective, creating jobs, AND a better planet.
**** the Throwback and Trumpov... Coal IS Dead
THIS is why China put Solar on Priority and put alot of Western mfg out of Biz.
Wall Street Journal:
Global Investment in Wind and Solar Energy Is Outshining Fossil Fuels
In 2016, about $297 billion was spent on renewables—compared with $143 billion on new nuclear, coal, gas and fuel-oil power plants,
By Russell Gold - Wall Street Journal
June 11, 2018
Global Investment in Wind and Solar Energy Is Outshining Fossil Fuels
Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by Falling costs of producing wind/solar power.
More than Half of the power-generating capacity added around the world in recent years has been in renewable sources such as wind/solar, according to the Int'l Energy Agency.
In 2016, the latest year for which data is available, about $297 billion was spent on renewables—more than twice the $143 billion spent on new nuclear, coal, gas and fuel oil power plants, according to the IEA. The Paris-based organization projects renewables will make up 56% of net generating capacity added through 2025.
Once supported overwhelmingly by cash-back incentives, tax credits and other government incentives, wind/solar-generation costs have fallen consistently for a decade, making renewable-power investment more competitive.
Renewable costs have fallen so far in the past few years that “Wind and Solar now represent the Lowest-cost option for generating electricity,” said Francis O’Sullivan, research director of the Massachusetts Institute of Technology’s Energy Initiative.
This is beginning to disrupt the business of making electricity and manufacturing generating equipment. Both General Electric Co. and Siemens AG are grappling with diminished demand for large gas-burning turbines and have announced layoffs. Meanwhile, mostly Asian-based manufacturers of solar panels are flourishing....
WSJ is by subscription, and I can't post the rest due to OP Space constraints.
However, if anyone requests I could post the balance at some point.
`
Last edited:
