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Renewable power to eclipse natural gas within 3 years, says IEA http://apocadocs.com/s.pl?1372560434
Clean power is set to eclipse gas-generated electricity by 2016, the International Energy Agency (IEA) has forecast in a report that challenges conventional knowledge about economic hurdles to renewables....
The number of gigawatts generated by hydro, solar, wind and other renewables is set to increase by 40 per cent in the coming five years, making them the fastest-growing segment in the global energy mix.
"As their costs continue to fall, renewable power sources are increasingly standing on their own merits versus new fossil-fuel generation," Maria van der Hoeven, the executive director of the IEA, said at a presentation in New York....
“And worldwide subsidies for fossil fuels remain six times higher than economic incentives for renewables.”
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'Doc Jim says:
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That's why I say "let's frack this afternoon whatever we can sell to investors this morning." Time's a-wastin'!
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