Solar Power Will Kill Coal Faster Than You Think

Solar Power Will Kill Coal Faster Than You Think

Research from Bloomberg’s New Energy Finance group (BNEF) shows that  solar power is becoming cheap enough to push coal and even natural-gas plants out of business faster than previously forecast. Solar already rivals the cost of new coal power plants in Germany and the U.S., and the same will happen in quick-growing markets such as China and India by 2021. With green energy taking root quicker than experts anticipated, some believe that global carbon dioxide pollution from fossil fuels may actually decline after 2026. This is opposite of the International Energy Agency’s central forecast, which sees emissions rising steadily for decades to come. Read more

Credits:hardocp.com

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