Climate Changed
Clean Energy Is Approaching a Tipping Point
- Renewables will increasingly challenge fossil fuels on cost
- Green power outlook presented by Bloomberg New Energy Finance
The Coming Storm of Climate Change
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The cost of renewables is plunging faster than forecasters anticipated just a few years ago as as technologies like gigantic wind turbines arrive on the market.
That’s the conclusion of Bloomberg New Energy Finance, whose founder Michael Liebreich estimated that clean energy will reap 86 percent of the $10.2 trillion likely to be invested in power generation by 2040.