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Author Topic: Fossil Fuel Profits Getting Eaten Alive by Renewable Energy!  (Read 7004 times)

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AGelbert

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    • Renwable Revolution
7 Charts Show How Renewables Broke Records Globally in 2015 

Simon Evans, Carbon Brief | June 3, 2016 12:33 pm

SNIPPET:

Global investment in renewable energy reached record levels in 2015, according to a new report from the UN Environment Programme (UNEP) and Bloomberg New Energy Finance (BNEF).

More surprisingly, perhaps, the report shows that the $286bn poured into green energy was more than double the spending on coal– and gas-fired power.

It also shows, for the first time, that more renewable power capacity was added than other sources and that renewable energy investment was mostly in developing countries.

Carbon Brief runs through the key findings in seven charts.



Full article and the other six charts at link below:

http://ecowatch.com/2016/06/03/renewable-investment-broke-records/

Agelbert NOTE: ANYONE that claims the above global energy market share of Renewable Energy is not SERIOUSLY DESTROYING DEMAND for fossil fuels, is willfully ignorant of reality or is working for the fossil fuel industry (usually the same thing  ;D).

The declining energy market share of fossil fuels is the most important, and deliberately unreported, reason that the price of crude oil remains low.   

Quote
"Hitting peak oil will come faster than any of us think. But don't blame dwindling supply — it's all about disappearing demand" Amory Lovins



Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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