Renewables To Be 70 Percent of New Power by 2030

By 2030, renewables will account for 70 percent of new power supply worldwide but represent only half the world’s power supply, according to projections released today from Bloomberg New Energy Finance, reports Tim McDonnell at the Climate Desk. 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.  By 2030, current projections estimate renewables will represent $630 billion worth of investment, while new fossil fuel sources (like coal- or gas-burning power plants) become increasingly rare. Signs of this transformation are already appearing: Solar power workers now outnumber coal miners nationwide, wind power was the United States’ leading source of new power in 2012, and financial analysts warn that fossil fuel investments are poised to become a very bad bet. Still, only 50% clean energy powering the world by 2030? It’s good, but still not good enough to avert worrisome climate change.

Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.

 

For more on Climate Change, check out my weekly column at the HuffingtonPost, Climate Change This Week : http://www.huffingtonpost.com/author/index.php?author=mary-ellen-harte

 

Source

Charts: The Smart Money is on Renewable Energy http://climatedesk.org/2013/04/charts-the-smart-money-is-on-renewable-energy/

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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One Response to Renewables To Be 70 Percent of New Power by 2030

  1. I’ve already sent a message to Congress regarding this. I hope more will wake up and do the same! 😉

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