Energy switch: Is renewable electricity now driving coal prices?

It’s official: more money was invested in renewables and more generation capacity added in 2015 than ever before. Conventional wisdom has always been that low fossil fuel prices would make renewables uncompetitive even as the cost of renewable energy continues to drop. In that view, fossil fuel prices drive investments in renewables. It’s not happening, however, so maybe it’s time to consider the reverse paradigm: renewables driving fossil fuel prices. Craig Morris investigates…share price of Peabody Energy, largest coal company in the world, dropped by 90% between Dec 2014 and Dec 2015.

>more> RenewEconomy

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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