World's New Energy In Record Acceleration

Renewable Energy Initiatives Accelerate as Countries Reevaluate Traditional Sources

March 20, 2019 (PR Newswire)

“…[Non-renewable resources such as fossil fuel, oil, natural gas, and nuclear power have a] negative environmental impact…[and] are limited in quantity…[That is driving] demand for alternative energy…[Clean energy resources like solar, wind, and hydro] are renewable…[They are also] more beneficial for the environment…[Efforts to implement and expand clean energy and government initiatives are creating] one of the fastest growing global marketplaces. According to data by BP's Energy Outlook, the global renewable energy market could potentially grow by 400% by 2040…

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…[By 2040, renewables may] account for 14% of the global energy demand…[though] rapid development in countries like China and India could yet expand the prevalence…[T]he robust growth is enabled by the sharp decline in prices…[Wind and solar] are already marginally cheaper than non-renewable resources…[and] costs can decline even lower…[BP projects that carbon emissions will increase by 10% by 2040, significantly less than the 55% they have grown] in the past 25 years…” click here for more

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