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17/10/16
22:08
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Originally posted by pilko3
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You can follow the money. In 2015 US$286 billion (A$380 billion) was invested in renewable energy worldwide, compared to only US$130 billion in fossil fuel generation. For the first time more than half of all new electricity generation investment is in renewable energy. Global forces at play now mean that renewable energy is our future, and all that’s left to debate is the rate of transition.
Perhaps now that the $'s getting poured into renewables are reflecting the future more and more for fossil fuels. Just some more stuff to assist in cracking the crust of the faithful's loyalty so that in the clear blue light of day eyes may see a tad better some not so faint writing on the wall.
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Despite the rise of renewables it is still expected that the gas glut will be mopped up by end of the decade. After that more plants like Magnolia will be required.