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Citigroup: Renewables will triumph and natural gas will help

2013-04-01 21:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Banking giant Citigroup recently issued a report [PDF] that ought to thrill fans of renewable energy. However, tucked inside the good news is a pill that some greens will find difficult to swallow. The good news is that Citi expects renewable energy to triumph; it believes that typical forecasts like those from the International Energy Agency are too pessimistic. Contrary to a certain strain of conventional wisdom, it says, shale gas will not crowd out renewable energy. Quite the opposite. The...

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