Climate Change, Sustainability

Clean Energy Investment Surpasses Fossil Fuel Investment

Ensuring renewable electricity investments a presentation of 14 policy principles for a post-2020 perspective, followed by panel discussion, organized by SEFEP (Smart Energy for Europe Platform GmbH), held at the Representation of Baden-Württemberg to the EU; here, Catherine Mitchell, University of Exeter.
Ensuring renewable electricity investments a presentation of 14 policy principles for a post-2020 perspective, followed by panel discussion, organized by SEFEP (Smart Energy for Europe Platform GmbH), held at the Representation of Baden-Württemberg to the EU; here, Catherine Mitchell, University of Exeter. Photo: HorstWagner.eu

Good news for everyone who’s been fighting for clean energy: it’s paying off, literally and figuratively. According to a recent survey by Professor Catherine Mitchell of the University of Exeter, investment in clean energy is now surpassing investment in fossil fuels. Over half of all investment in energy is now supporting clean energy systems.

This positive growth in clean energy investment is thanks to the continued effort of scientists and activists who push for more clean energy options, and to policy makers for keeping that discussion in the public eye, despite some often tough obstacles.

It’s also due to nations like Denmark and Germany that made a commitment to clean energy in the 1990s, and, as a result, have been able to illustrate the stability and security of these systems.

The success of those experiments has led to more investment, and cheaper production of clean energy, as new and better technology, is developed to address the issue.

While some states still rely on fossil fuel, most are turning to sustainable, clean energy systems to make their climate change a more realistic possibility.

Energy systems have a long lifespan, so fossil fuels aren’t going away tomorrow, but there has been a snowball effect that has kept up the clean energy momentum. Mitchell warns that this doesn’t mean climate change is fixed. There is still a lot of work to do. Serious commitments must be made to complete that job.

The recent climate talks in Paris have set a solid precedent to address climate change, and that’s a great start. As policy makers embrace clean energy and producers follow suit, the lead the clean energy investment has over fossil fuels investment will only continue to grow.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s