22 Apr 2013:
Green Energy Investments
To Triple by 2030, Analysis Predicts
Annual investment in renewable energy is predicted to triple between now and 2030
, according to a report by Bloomberg New Energy Finance. In an analysis
of several factors shaping the global energy future — including economic conditions, market demands, and the evolution of technologies — the group predicted that annual spending may increase from $190 billion last year to $630 billion by 2030. A key factor in the growth is the plunging cost of wind and solar energy, which in the short term has bankrupted many manufacturers. The Bloomberg report also forecast significant growth in hydropower, geothermal, and biomass sources of energy. In the most likely scenario, 70 percent of new power generation capacity between 2012 and 2030 would come from renewable sources — with wind and solar accounting for 30 and 24 percent, respectively — while only 25 percent would come from fossil fuel sources. The remaining 5 percent would come from nuclear power, according to the report. While the rise of shale gas has attracted much attention in recent years, that growth “is playing out against the falling costs of renewable energy and of all the technologies required to integrate it into our energy system,” said Guy Turner, head of economics and commodities for Bloomberg New Energy Finance.
Yale Environment 360 is
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Yale School of Forestry
& Environmental Studies
Yale Environment 360
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Tribal people and ranchers join together to stop a project that would haul coal across their Montana land. Watch the video.
is now available for mobile devices at e360.yale.edu/mobile
An aerial view of why Europe’s per capita carbon emissions are less than 50 percent of those in the U.S. View the photos.
Ugandan scientists monitor the impact of climate change on one of Africa’s most diverse forests and its extraordinary wildlife. Learn more.
video series looks at the staggering amount of food wasted in the U.S. – a problem with major human and environmental costs. Watch the video.
video goes onto the front lines with Colorado firefighters confronting deadly blazes fueled by a hotter, drier climate. Watch the video.
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.