The world is finally producing renewable energy at an industrial scale
Clean energy has spread to every corner of the globe, with more than 100,000 megawatts of capacity installed last year, reports Achim Steiner in The Guardian, April 21st.
Renewables are finally becoming a globally significant source of power, according to a United Nations Environment Programme report released in March by Frankfurt School UNEP Centre and Bloomberg New Energy Finance.
Driven by rapid expansion in developing countries, new installations of carbon-free renewable power plants in 2014 surpassed 100,000 megawatts of capacity for the first time, according to the Global Trends in Renewable Energy Investment report. It appears that renewable energy is now entering the market at a scale that is relevant in energy industry terms – and at a price that is competitive with fossil fuels.
Source: www.theguardian.com
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