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Fossil fuel energy growth to be beaten by renewables in 2015

Renewable Energy Growth To Outstrip Fossil Fuels Clean Technica January 16th, 2015 by Joshua S Hill Renewable energy consumption is set to grow over the next few years, and according to a new report from the Economist Intelligence Unit, said growth will outstrip growth in the fossil fuel industry.

Despite this growth, non-fossil fuels are faced with political challenges that may hamper their ability to flourish.

Renewables are a growing commodity that, to the surprise of nobody, is taking up a lot of the attention of utilities and energy companies the world over. Add to that the declining reliance upon fossil fuels such as coal and oil — be it for environmental reasons, or for fear of investing in an energy strategy which may very well end up stranded — and renewable energy is a sure fire win.

However, as the report’s authors write, “non-fossil fuels lack the overarching policy support they need to make faster progress globally.”

The report, which investigated six industries and their prospects for 2015, highlighted the massive part China is having on the global energy scene…….http://cleantechnica.com/2015/01/16/renewable-energy-growth-outstrip-fossil-fuels/

January 17, 2015 - Posted by Christina Macpherson | 2 WORLD, renewable