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Renewable energy investments are surpassing investments in new fossil fuel power for the first time ever, according to Bloomberg New Energy Finance as reported by Joe Romm on ThinkProgress. Adding to the encouraging news, Bloomberg New Energy Finance reported that the trillionth dollar has been invested in renewable energy, energy efficiency and smart energy technologies.
Trillionth Dollar Invested in Clean Energy & Tech, Surpassing that for Fossil Fuel Power
Seeded on Thu Dec 8, 2011 12:56 PM EST
Article Source: CleanTechnica - By Andrew Burger- Enjoy this article? Help vote it up the 'Vine.
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Renewable energy investments are surpassing investments in new fossil fuel power for the first time ever, according to Bloomberg New Energy Finance as reported by Joe Romm on ThinkProgress. Adding to the encouraging news, Bloomberg New Energy Finance reported that the trillionth dollar has been invested in renewable energy, energy efficiency and smart energy technologies.
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#1 - Thu Dec 8, 2011 12:57 PM EST“It should serve as a message to the UN and all those in Durban to stop obsessing about a binding deal to cap carbon emissions, and to think much harder about how to speed up investment in the solutions. Another five years of investment growth at the same compound rates, and the world will have broken the back of emissions growth.”
From Clean Technica (share this quote)
This investment should continue and it should be matched with distributed technology. The goal should be to have half the homes and businesses outfitted with their maximum capacity in the same time frame of 5 years, with enough personal or municipal hydrogen production and fuel cell capacity to meet periods of "no" sun and calm winds. At least a weeks back up in hydrogen/fuel cell capacity for every locale.
#2 - Fri Dec 9, 2011 1:52 PM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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