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Five reasons renewable energy is the future

Tuesday, 30 January 2018

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Renewable energy is constantly gaining terrain compared to traditional fossil fuel and nuclear power. In a recent article from the Rocky Mountain Institute [1], five reasons are given to underpin why renewables already have won the energy battle.

  1.  Follow the money: The world will invest around $10.2 trillion in new power generating technology towards 2040, of which three-quarters will be in renewables.
  2.  Falling prices: The power prices from renewable sources are dropping and are several places far below the price for coal, and competitive when it comes to natural gas.
  3. Big companies commit to 100% Renewables: Large corporates, like e.g. Google, Facebook and Anheuser-Busch InBev, are committing to 100% renewable consumption, and the number of such companies is gro...

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