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Coal Is Being Squeezed Out of Power Industry by Cheap Renewables
Renewable Energy World: Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally.
That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5 trillion of investment will go into electricity generation between now and 2050. Of that, 85 percent, or $9.8 billion, will go into wind, solar and other zero-emissions technologies such as hydro and nuclear, the London-based researcher said.
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