Tag: fossil fuel industry

America’s twisted politics may slow the transition to renewables, but other countries are now pushing the pace. In July of 2017, for instance, the Chinese announced that Qinghai Province—a territory the size of Texas—had gone a week relying on 100% renewable energy, a test of grid reliability designed to show that the country could continue its record-breaking pace of wind and solar installation.

New statistics from Bloomberg New Energy Finance (BNEF) released show that solar has become a cheaper form of electricity production than wind power, and is also out-competing coal and natural gas for the first time. It appears that global energy markets are set to undergo a major transformation as the world begins to finally shift to energy that is both affordable and renewable.