Renewable Energy to Rival Coal for Global Dominance

Bloomberg reported that according to the International Energy Agency renewable energy will move alongside coal to become the world’s top energy source by 2035.

As quoted in the market report:

A steady increase in hydropower and the rapid expansion of wind and solar power has cemented the position of renewables as an indispensable part of the global energy mix,” the IEA said. “The rapid increase in renewable energy is underpinned by falling technology costs, rising fossil-fuel prices and carbon pricing, but mainly by continued subsidies.

To view the whole Bloomberg report, click here.