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These Three Trends Have Radically Redefined the Energy Market
Bloomberg: Michael Liebreich, the founder of Bloomberg New Energy Finance, set out the trends upending the global energy markets and ushering in what he termed an “age of plenty.” He said:
1. Cheap fossil fuels are here to stay because production costs are tumbling.
2. Intermittent renewables will dominate electricity supply by 2040, with huge challenges for grid managers.
3. Electricity demand is flattening out, losing its link with economic growth.
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