NEW ENERGY TO BE BIGGER THAN SHALE GAS

Wind, Solar Power to Supply More Energy Than Shale, Goldman Says

Chris Martin, November 30, 2015 (Bloomberg News)

"...New wind turbines and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five, according to The Low Carbon Economy from] Goldman Sachs…The leading renewable-energy technologies will add the equivalent of 6.2 million barrels of oil a day to the global energy mix, exceeding the 5.7 million barrels a day pumped from U.S. shale oil wells since 2010…While countries are setting targets for emission reductions in 2030 and 2050 [in this week’s Paris climate talks], Goldman Sachs said the biggest shift will occur over the next decade as demand for renewable energy, LED lighting and plug-in vehicles accelerates…Wind and solar [are already] saving a gigaton of carbon dioxide emissions annually…[They are on track to exceed 100 gigawatts in new installations and] the market for four leading low-carbon technologies is now worth more than $600 billion per year…” click here for more

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