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Investments in Renewable Energy Topped Fossil Fuels Last Year

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.
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See more about: Fossil Fuels

New Renewable Energy Installations in US & Europe Continue to Outpace Fossil Fuels

Lifestyle / Green Living : TreeHugger (4 years ago)

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

Fossil Fuels Receive 12X More Subsidies Than Renewables

Lifestyle / Green Living : Inhabitat (4 years ago)

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

Finding Financing: Renewable Energy Struggles, Banks Embrace Fossil Fuels

Lifestyle / Green Living : Environmental Capital - (5 years ago)

The credit crunch does not hit all energy projects equally. Fossil fuel has much more access to credit than renewable energy. Read Post

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