Breaking News

Renewable Energy in Decline
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

 

In 1800, the world obtained 94% of its energy from renewable sources. That figure has been declining ever since. The United States currently relies heavily on coal, oil, and natural gas for its energy. Fossil fuels are non-renewable, they draw on finite resources that will eventually dwindle, and become too expensive or too environmentally damaging to retrieve. In contrast, the many types of renewable energy resources-such as wind and solar energy-are constantly replenished and won’t run out.

  
What
Where


It has been reported by Bloomberg News that, Global investment in renewable energy declined last year, for the second year in a row. Renewables are becoming the cheapest form of energy available in many regions, according to BNEF data. Bloomberg News reports that, the world is already adding more renewable-energy capacity each year than fossil fuel capacity. Sixty-eight percent of China’s energy capacity added last year was renewable.

According to the U.S. Energy Information Administration, the capacity factor for U.S. renewables is around 34 percent, compared with a capacity factor of 64 percent for coal. After nine years of growth, last year was the first time that investments in renewables fell in emerging economies according to SkyNews.com.au. The record high for renewable energy financing came in 2011 at nearly $318 billion, according to BNEF. Most renewable energy comes either directly or indirectly from the sun, Sun light or from solar energy.

“This is no longer about adding a bit of wind,” Michael Liebreich said, the chairman of Bloomberg New Energy Finance, said “It’s about a fundamental change in the structure of the energy sector.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Both wind and solar are within striking distance” of being competitive worldwide, Michael Liebreich said, according to Bloomberg News.

According to NYSERDA , renewable resources — wind, water power, solar, geothermal and biomass – already provide nearly 11 percent of the energy that New Yorkers use for transportation, space heating, industrial processes and electric power.



The Daily Caller reported that tens of thousands of wind turbine towers were installed, totaling more than 200,000 windmills worldwide by the end of 2012.

Looking for Government Jobs? Click here.

Image Credit: www.energysolutions.necanet.org



 

RELEVANT JOBS

Family law attorney Westlake Village

USA-CA-Westlake Village

ZFLG is a boutique family law firm serving LA and Ventura Counties. We want to hire an experien...

Apply now

Personal Injury Attorney

USA-PA-Philadelphia

CAREER OPPORTUNITY   The Quinn Law Group is looking for an exceptional candidate to join ...

Apply now

Criminal Law Attorney

USA-MO-Springfield

AV rated criminal defense law firm seeking full time attorney with at least 1-3 years of experience ...

Apply now

Litigation Paralegal

USA-OR-Portland

Litigation Paralegal Job Description   Mid-sized downtown Portland firm has an immediate ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mergers and Acquisitions Associate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search top ranked law firm seeks Mergers and Acquisitions Associa...

Apply Now

Senior Wealth Management Group Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Wealth Management Group Associate Attorney with 9 years ...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search top ranked law firm seeks Bankruptcy Associate Attorney ...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top