TV News LIES

Wednesday, Apr 16th

Last update02:37:08 AM GMT

You are here News Energy Renewable power trumps fossil fuels for first time

Renewable power trumps fossil fuels for first time

E-mail Print PDF

Renewable energyRenewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis and an impasse at the United Nations global warming talks.

Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal, according to calculations by Bloomberg New Energy Finance using the latest data. Accelerating installations of solar- and wind-power plants led to lower equipment prices, making clean energy more competitive with coal.

"The progress of renewables has been nothing short of remarkable," United Nations Environment Program Executive Secretary Achim Steiner said in an interview. "You have record investment in the midst of an economic and financial crisis."

The findings indicate the world is shifting toward consuming more renewable energy even without a global agreement on limiting greenhouse gases. Delegates from more than 190 nations converge in Durban, South Africa, on Nov. 28 to discuss new measures for limiting emissions damaging the climate.

More...


Most Recent Related Stories...


BP wins 24 tracts in Gulf of Mexico lease sale after U.S. lifts ban

Gulf of mexicoBP Plc rejoined bidders for exploration and production leases in the Gulf of Mexico on Wednesday...

U.S. top court rules against Argentina in arbitration fight

US Supreme CourtThe U.S. Supreme Court on Wednesday ruled for British company BG Group Plc in its effort...

US nuclear site fire 'was preventable'

US nuclear fire Maintenance and safety lapses were at the root of a lorry fire that shut down the...

Thirteen workers test positive for radiation at New Mexico waste site

New Mexico nuclear wasteThirteen workers have tested positive for radiation exposure tied to an accidental release earlier this month...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!