Renewables

How renewable energy became unstoppable. After years of hype and false starts, the shift to clean power has begun to accelerate at a pace that has taken the most experienced experts by surprise. Even leaders in the oil and gas sector have been forced to confront an existential question: will the 21st century be the last one for fossil fuels? It is early, but the evidence is mounting. Wind and solar parks are being built at unprecedented rates, threatening the business models of established power companies. Electric cars that were hard to even buy eight years ago are selling at an exponential rate, in the process driving down the price of batteries that hold the key to unleashing new levels of green growth.There is another reason some energy industry watchers expect the green power sector to accelerate: the more costs fall and technologies improve, the less it needs conventional subsidies.

FT 18th May 2017 read more »

Share

Published: 19 May 2017