New Energy Beats The Market

Renewable Energies Are Finally Becoming Cheaper Than Fossil Fuels

Annie Qureshi, December 17, 2018 (Blue & Green Tomorrow)

“…[Not that long ago, New Energy was] expensive and just not feasible in an economic sense…A 1994 article by Harvard Business Review suggested it might be nearly impossible…[But wind and solar] have become cheaper and more efficient…[and] the construction of coal and gas power plants is more inefficient than the new wind and solar systems…[Moving away from] fossil fuels causes unrest in many countries…[and many] economists] say the 100 percent conversion to renewable energy will cost the global economy billions of dollars…[They forget that not transitioning] will cost the world more in natural disasters and death…

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A crucial step in the reduction of greenhouse gases is the rapid replacement of coal, oil, and gas with renewable energies…The simple reason for the superiority of solar and wind power over conventional extractive industries, such as oil and gas, is that extractive models inevitably run out, increasing costs…In contrast, there is plenty of sun and wind…[T]he green energy generation model is about rising yields and falling costs…This change will be among the most significant human transformations ever, on par with the Industrial Revolution and the rise of the Information Age in the 1990s. The only thing that could kill these developments dead in their tracks is government subsidies for coal, oil, gas or nuclear power – even if this is at the expense of the planet…” click here for more

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