Scientific American reports: Big changes are afoot for the energy sector in the next 25 years. Coal and gas are headed out and solar and wind are rushing to take their place on a multi-trillion dollar investment bonanza, according to a new report from Bloomberg New Energy Finance that scopes out the power generating landscape through 2040.
The main reason for the big shift in power generation isn’t likely to be because of a grand climate agreement, national polices or carbon pricing scheme, though. Instead, it comes down to cold, hard cash with renewables offering more power-generating bang for the buck than fossil fuels. Here are the three big numbers. [Continue reading…]