For the first time, investments in renewable energy projects surpassed those in fossil fuel power plants, according to Bloomberg New Energy Finance. Last year, $187 billion was invested in renewable energy installations, while $157 billion was invested in new natural gas, oil and coal plants.
The increase in investments in the sector, even while in a down economy, has led to price drops in equipment and renewable energy power, making solar and wind power far more competitive with coal power.
photo: Petter Palander via flickr Here's a bit of good news about the slow transition away from oil and fossil fuels: Reports from UNEP and Renewable Energy Policy Network for the 21st Century show that in 2009, for the second year ... Read Post
It’s a familiar refrain: renewable energy won’t look as enticing after government subsidies are removed. While renewable energy does get government incentives, it turns out fossil fuels get more — way more. According to Bloomberg, t... Read Post