These Three Trends Have Radically Redefined the Energy Market
- Cheap gas isn't going away and solar is gaining market share
- Bloomberg New Energy Finance forecasts `age of plenty'
Germany’s planned decade-long, 120 billion-euro ($127 billion) shift to cleaner energy from fossil fuels has made the nation the biggest economy in the world to rely so heavily on renewable power.
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Michael Liebreich, the founder of Bloomberg New Energy Finance, set out the trends upending the global energy markets and ushering in what he termed an “age of plenty.” He said:
1. Cheap fossil fuels are here to stay because production costs are tumbling.