Tuesday, December 30, 2014

Nukes Fade As Wind and Solar Soar | EcoWatch

With nuclear power falling ever further behind renewables as a global energy source, and as the price of oil and gas falls, the future of the industry in 2015 and beyond looks bleak.

Investors are increasingly skeptical about putting their money into nuclear—whereas renewables promise an increasingly rapid return on investment, and may get a further boost if the governments of the world finally take climate change seriously.

Renewables now supply 22 percent of global electricity and nuclear only 11 percent—a share that is gradually falling as old plants close and fewer new ones are commissioned.
New large-scale installations of wind and solar power arrays continue to surge across the world. Countries without full grids and power outages, such as India, increasingly find that wind and solar are quick and easy ways to bring electricity to people who have previously had no supply...

read more: Nukes Fade As Wind and Solar Soar | EcoWatch

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