According to Richard Martin in the MIT Technology Review, renewables are growing fast as an energy source for three reasons. First: the costs are becoming competitive. Second: major corporations world-wide now realize that the fossil fuel carnival is leaving town. Third: gov’t policies. And we can look no further than Vancouver and Ottawa to see what these policies look like. (Shield your eyes from Victoria).
“According to the Global Risks Report 2016, produced by the World Economic Forum, the No. 1 risk to global peace and prosperity is climate change. The dawning awareness of that risk among policymakers, CEOs, and consumers is ultimately the fundamental force behind the startling growth of the clean energy sector.”
Meanwhile, numbers come in from far afield:
The latest auction of solar energy capacity in India has achieved a new record low price of 4.34 rupees/kWh, prompting the country’s energy minister Piyush Goyal to say that solar tariffs are now cheaper than coal-fired generation.
