Cheap gas, coal won't hobble renewables: energy re
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Posted On: 06/15/2016 12:24:08 AM
Cheap gas, coal won't hobble renewables: energy report
By Marlowe HOOD
Paris (AFP) June 13, 2016
Weak coal and gas prices will not stop record investment in renewables over the coming decades as the cost of generating clean energy drops, a key energy report said Monday.
Renewables are set to attract $7.8 trillion (6.9 trillion euros) by 2040, nearly four times as much as carbon-based power over the same period, the New Energy Outlook 2016 forecast said.
The impact of cheap gas and coal will be offset, it projected, by drops of 41 and 60 percent, respectively, in the price of power from wind and solar panels.
http://www.solardaily.com/reports/Cheap_gas_c...t_999.html
By Marlowe HOOD
Paris (AFP) June 13, 2016
Weak coal and gas prices will not stop record investment in renewables over the coming decades as the cost of generating clean energy drops, a key energy report said Monday.
Renewables are set to attract $7.8 trillion (6.9 trillion euros) by 2040, nearly four times as much as carbon-based power over the same period, the New Energy Outlook 2016 forecast said.
The impact of cheap gas and coal will be offset, it projected, by drops of 41 and 60 percent, respectively, in the price of power from wind and solar panels.
http://www.solardaily.com/reports/Cheap_gas_c...t_999.html
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