Renewable Energy Will Undercut Fossil Fuels by 2027

[From Bloomberg New Energy Finance] Although conventional dirty energy sources such as coal and natural gas will continue to remain cheap, renewable energy is forecasted to undercut fossil fuels by 2027. Long-term forecasts predict that around $7.8 trillion will be invested globally in renewables between 2016 and 2040. However, “it would require trillions more to bring world emissions onto a track compatible with the United Nations 2°C climate target,” according to Seb Henbest, lead author of the New Energy Outlook 2016, a forecast on energy markets... (Continue reading)