28 Apr '13, 5am

The Smart Money Will Be on Renewable Energy, Not Fossil Fuels - EV World: The Smart Money Will Be o... ren #green

PHOTO CAPTION: Solar energy powers a sterling engine at Sandia Lab's test facility in New Mexico. The Smart Money Will Be on Renewable Energy, Not Fossil Fuels Tweet By 2030, renewables will account for 70 percent of new power supply worldwide, according to projections released today from Bloomberg New Energy Finance. Fossil fuel cheerleaders take note: Renewable energy ain't going nowhere—and it may prove to be the better bet in the long run. By 2030, renewables will account for 70 percent of new power supply worldwide, according to projections released today from Bloomberg New Energy Finance. Bloomberg analysts examined gas prices, carbon prices, the dwindling price of green energy technology, and overall energy demand (which, in the US at least, is on a massive decline), and found solar and wind beating fossil fuels like coal and natural gas by 2030. The chart below sho...

Full article: http://www.evworld.com/news.cfm?newsid=30112

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