In the headlines: “Fossil Fuels Just Lost the Race Against Renewables.”
Could this be the beginning of the end of fossil fuels?
Fossil fuels have powered our lifestyles for too long. The effects of the continuous pollution have been appearing in too many ways to count, whether it’s accelerated climate change, health problems due to poor air quality, threatened animal populations and carbon pollution, to name a few. The necessity of renewable resources is real.
In the effort to meet our needs for renewables, we are at a critical turning point: “The world is now adding more capacity for renewable power each year than coal, natural gas, and oil combined.”* It is estimated that this capacity is going to multiply at least four times over the next fifteen years by 2030.
As the prices for non renewables soar, the prices for renewables, such as wind and solar, are dropping, becoming more and more accessible. The question of a renewable future is not longer “if,” it’s “when.”
*Read more from Bloomberg Business!
