Forbes Contributor Bullish on Renewables

Frank Holmes, who covers emerging markets for Forbes, makes:The Case For Pivoting Into Renewable Energy.

He writes:

The U.S. Energy Information Administration (EIA) expects electricity generation from renewable sources to surpass nuclear and coal by as early as next year. By 2045, it may even surpass natural gas.

Smart money is divesting itself of fossil fuels. Here’s a great example:

Norway’s Government Pension Fund—the world’s largest sovereign wealth fund at over $1 trillion in assets—made headlines last year when it announced it would divest from oil and gas companies. What made this particularly notable is that the Fund was set up in 1990 specifically to invest in Norway’s prolific oilfields.

Read more about renewable speeding up the end of fossil fuels also at this Forbes article: Renewable Energy Outstrips Fossil Fuel and this New York Times article.

Photo by Ichbinameya, Creative Commons Attribution-Share Alike 4.0 International


This entry was posted in Climate News, Solar and tagged , , , . Bookmark the permalink.