Antinuclear

New economy taking off as renewable energy prices fall, and development rises

Reality dawns: a fortune to be made in new economy RenewEconomy By Paul Gilding on 22 January 2012“……The exciting thing about this moment is that after decades of talk and forecasts, we are now entering a period of reality hitting the ground. Even the IEA, for a long time a resisting, conservative force aligned to the fossil fuel industry’s world view, is now imagining a world where solar could provide over 1/3 of end energy use after 2060 at an affordable cost. The opportunity in such solar growth is mind boggling in scale. Perhaps more importantly we are seeing dramatic growth today in installed solar with many utility scale solar renewables projects already in operation and many more under construction.

Prices are falling as expected with such dramatic growth and with continued price reductions we will see grid parity as an emerging reality for solar in many countries over the next few years. While such rapid change will inevitably lead to a chaotic market, with volatile share prices and bankruptcies alongside the rapid growth, the trend is clear and such high-risk growth is where markets come into the own sorting the good from the bad….

It is now clear that the challenge we face is not a technological one but a human and economic one. Our global economic model, framed around the delusion of the possibility of infinite growth on a finite planet, is not delivering. It is destroying the life support system of humanity, the ecosystem, and it is no longer delivering improved quality of life for those in Western countries who have their basic needs met. The result will not be a gentle process of change but a crisis driven transformation more akin to a war mobilisation than anything most people are expecting.

Another indication that change is well underway is that investors are observing the emerging crisis and resulting transformation of the global economy that I write about, and seeing an investment framework. ….” http://reneweconomy.com.au/2012/reality-dawns-a-fortune-to-be-won-in-new-economy

January 25, 2012 - Posted by Christina Macpherson | Uncategorized