Monday, June 29, 2015

Big progress on renewable energy

Here are big news on renewable energy. The key headlines are:
1. The price of solar power will continue to fall, until it becomes the cheapest form of power in a rapidly expanding number of national markets.
2. With solar power so cheap, investments will surge. Expect $3.7 trillion in solar investments between now and 2040, according to Bloomberg
3. The biggest solar revolution will take place on rooftops. High electricity prices and cheap residential battery storage will make small-scale rooftop solar ever more attractive, driving a 17-fold increase in installations.
4. Growth in demand for electricity is slowing. The reason: efficiency. To cram huge amounts of processing power into pocket-sized gadgets, engineers have had to focus on how to keep those gadgets from overheating.
5. Natural gas won't become the oft-idealized "bridge fuel" that transitions the world from coal to renewable energy.
6. The shift to renewables is happening shockingly fast, but not fast enough to prevent perilous levels of global warming.
Without additional policy action by governments, global carbon dioxide emissions from the power sector will continue to rise until 2029 and will remain 13 percent higher than today's pollution levels in 2040.
Read this Bloomberg article

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