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Renewables Now Cheaper Than Fossil Fuels In (55) Developing Countries
http://theenergycollective.com/silviomarcacci/2153326/renewables-now-cheaper-fossil-fuels-developing-countries[font face=Serif][font size=5]Renewables Now Cheaper Than Fossil Fuels In Developing Countries[/font]
Posted November 6, 2014
[font size=3]Cost differences between renewables and fossil fuels have traditionally guided new renewable energy additions, especially in developing countries. Market economics often made new fossil fuel generation cheaper – a dangerous choice considering the climate imperative of meeting rising power demand with low-carbon electricity.
But those days are ending, according to Bloomberg New Energy Finance’s (BNEF) Climatescope 2014 report, which finds renewable electricity is now just as affordable an option as fossil fuel in 55 emerging nations across Africa, Asia, and Latin America and the Caribbean.
BNEF suggests the scale may have already tipped toward renewables in these markets. Clean energy capacity in the surveyed nations grew 143% between 2008-2013, nearly twice as fast as in the richer Organization for Economic Cooperation and Development (OECD) nations, and has more than doubled over the period to 142 total gigawatts (GW).
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Posted November 6, 2014
[font size=3]Cost differences between renewables and fossil fuels have traditionally guided new renewable energy additions, especially in developing countries. Market economics often made new fossil fuel generation cheaper – a dangerous choice considering the climate imperative of meeting rising power demand with low-carbon electricity.
But those days are ending, according to Bloomberg New Energy Finance’s (BNEF) Climatescope 2014 report, which finds renewable electricity is now just as affordable an option as fossil fuel in 55 emerging nations across Africa, Asia, and Latin America and the Caribbean.
BNEF suggests the scale may have already tipped toward renewables in these markets. Clean energy capacity in the surveyed nations grew 143% between 2008-2013, nearly twice as fast as in the richer Organization for Economic Cooperation and Development (OECD) nations, and has more than doubled over the period to 142 total gigawatts (GW).
…
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