Renewable power trumps fossil fuels for first time –

Posted by Trish Riley, December 7, 2011

Renewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis and an impasse at the United Nations global warming talks. Accelerating installations of solar- and wind-power plants led to lower equipment prices, making clean energy more competitive with coal.”The progress of renewables has been nothing short of remarkable,” United Nations Environment Program Executive Secretary Achim Steiner said in an interview. “You have record investment in the midst of an economic and financial crisis.”The findings indicate the world is shifting toward consuming more renewable energy even without a global agreement on limiting greenhouse gases.

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