01 Jul '14, 4pm

BNEF: Renewable Energy’s About To Dominate Global Power Investments

The map of demand growth by region has a misleading colour scale. It’s the slow-growing regions that should be green, the fast-growing ones red. The amount of new fossil capacity predicted for India (almost entirely coal) looks very high. The coal industry is in crisis, and regularly misses targets. Modi doesn’t tolerate failure, and led Gujarat successfully into mass solar deployment. The politics don’t favour coal in China either. A lot depends on growth in demand. Australia shows how rapid the drop in demand can be once households and businesses get serious about conservation. The technologies for highly efficient lighting and low-energy buildings already exist, and the former at least is being adopted quickly. Electrification of transport will cut final energy demand for the same work, simply because electric traction is end-to-end far more efficient. Those notorious D...

Full article: http://cleantechnica.com/2014/07/01/bnef-renewable-energy...

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