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Coal And Gas To Stay Cheap, But Renewables Still Win Race On Costs

2016-06-12 23:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Low prices for coal and gas are likely to persist, but will fail to prevent a fundamental transformation of the world electricity system over coming decades towards renewable sources such as wind and solar, and towards balancing options such as batteries. The latest long-term forecast from Bloomberg New Energy Finance, entitled New Energy Outlook 2016, charts a significantly lower track for global coal, gas and oil prices than did the equivalent projection a year ago. Crucially, however, it also...

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Category:Electronics and Electrical

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