New Energy Keeps Booming

Two Charts That Show How Renewable Energy Has Blown Away Expectations

Jessica Shankleman, October 15, 2016 (Bloomberg News)

“The world’s most prominent energy forecaster will raise its outlook for wind and solar installations following a decade of underestimating growth…The International Energy Agency, which was established as a watchdog of the industry in the wake of the 1973 oil crisis, will ‘significantly’ raise its estimates for renewables…The findings will feed into the World Energy Outlook report due in November, which is used by many forecasters as a starting point for trends in the industry…[but has] been criticized for publishing conservative estimates that failed to predict the rapid growth of wind and solar…The agency has been a key voice in guiding policymakers toward cleaning up the pollution blamed on global warming. Its annual outlook includes scenarios countries could adopt to keep global warming to the United Nations goal of 2 degrees Celsius (3.6 degrees Fahrenheit) since the industrial revolution…This year’s forecasts seek to reflect the growing number of countries adopting climate change policies, as well as the global deal to curb carbon emissions and global warming…” click here for more

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