macdoc
Philosopher
Well current renewable strategies are certainly making some progress...
This is good...
http://thinkprogress.org/climate/2014/07/01/3449868/renewables-soar/
But I wonder how that compares to projected demand for electrical power...
This is good...
continuesRenewables Projected To Add Triple The Capacity Of New Fossil Fuel Plants By 2030
BY JOE ROMM ON JULY 1, 2014 AT 3:53 PM
CREDIT: AP/MATT YOUNG
The “world is already adding more renewable-energy capacity each year than fossil fuel capacity,” Bloomberg New Energy Finance (BNEF) explained earlier this year. And BNEF’s just-released 2030 Market Outlook projects that disparity will skyrocket, concluding that “renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.”
That means some $5 trillion in renewable investment over the next decade and a half. Of the 5 terawatts (5000 gigawatts) of generating capacity that will be added worldwide over the next 15 years, over 3 TW (3000 GW) are projected by BNEF to come from renewables. The capacity of plants powered by fossil fuels — coal, gas and oil — will account for under 1100 gigawatts.
Here is a chart from Bloomberg New Energy Finance founder (and former CEO) Michael Liebreich:
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http://thinkprogress.org/climate/2014/07/01/3449868/renewables-soar/
But I wonder how that compares to projected demand for electrical power...
