Antinuclear

According to new research from Bloomberg New Energy Finance, the future of the renewable energy sector is a jump of 230% in annual investment to $630 billion per year by 2030. 

This record growth — up even on last year’s scenarios released by Bloomberg New Energy Finance — is attributed to improvements in the cost-competitiveness of wind and solar technologies when compared specifically to the relative fossil fuel alternatives, as well as increased implementation of non-intermittent sources of clean energy like hydro, geothermal, and biomass.

“The news right now is dominated by stories of pain caused by overcapacity on the supply side of clean energy, and the lure of cheap shale gas,” Michael Liebreich, chief executive of Bloomberg New Energy Finance said. “But this is playing out against the falling costs of renewable energy and of all the technologies required to integrate it into our energy system, and falling costs win. What it suggests is that we are beyond the tipping point towards a cleaner energy future.”

The research was presented by Bloomberg New Energy Finance at their sixth annual Summit, in New York and published thereafter….

(EXCELLENT DIAGRAMS here )

“This is the first time we have produced such detailed analysis of the future world energy system under different scenario,” said Guy Turner, head of economics and commodities for Bloomberg New Energy Finance. “It highlights that, in spite of the recent news showing a downturn in clean energy investment since 2011, renewable technologies will form the anchor of new generating capacity additions, even under a less optimistic view of the world economy and policy choices.”

“The main driver for future growth of the renewable sector over this timeframe is a shift from policy support to falling costs and natural demand. Our work also highlights, however, the importance of planning for the integration of intermittent renewables into the grid and into power markets. This will require significant new investment in grid infrastructure, load management and storage technologies.”……

Bloomberg New Energy Finance’s Summit, ‘The Future of Energy’, ran from Monday to Wednesday and included speakers such as Ban Ki-Moon, the United Nations Secretary-General, Tony Fadell, Founder and Chief Executive Officer of Nest Labs, and John Wellinghoff, the Chairman of the US Federal Energy Regulatory Commission. More information about the summit can be found here.
Read more at http://cleantechnica.com/2013/04/25/annual-renewable-energy-investment-set-to-sky-rocket-by-2030/#J2Cq4kVgZwFk0RQo.99