5 reasons why a renewable clean energy future is inevitable
Energy used to be a boring industry — no pun intended. For over a century, the proven formula for success was to drill, mine, generate and consume more energy than the year before. But in 1976, a young energy analyst named Amory Lovins decided to question that paradigm in an article titled "Energy Strategy: The Road Not Taken?" This line of questioning kicked off a 35-year shift in the energy sector, giving rise to incredible innovation and a fundamental move away from legacy fuels and toward clean, cheap, low-carbon electricity and energy efficiency.
Out of this shift has emerged a new, exciting industry that’s poised to make energy cleaner and cheaper than ever before. In fact, no longer must we wonder whether renewable energy resources can power our future economy, but rather, "how quickly can we reach a truly low-carbon future?"
Simply put, it’s safe to say that clean energy isn’t just winning — it officially has won. As we focus our efforts on accelerating the adoption of clean energy, here are five compelling reasons why the clean energy future can’t be stopped.
1. Follow the money
Perhaps the most surefire proof of a global transition to clean energy is to follow the money. The research teams at Bloomberg New Energy Finance (BNEF) report that "Renewable energy sources are set to represent almost three-quarters of the $10.2 trillion the world will invest in new power generating technology until 2040." Even more significantly, across the Asia Pacific region (including the Chinese and Indian economies), BNEF reports that renewables will account for more than 60 percent of new energy investments, versus just 10 percent for coal and... Read the rest of the story HERE on GreenBiz.com