Support For Renewable Energy Inches Ahead While Global Energy Demand Grows By Leaps And Bounds
1904 words —
Published May 16, 2012
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With energy consumption worldwide projected to roughly double in the next 35 years, conventional wisdom says renewable sources of power will play a big role in meeting demand. The conventional wisdom may be wrong. Cost, feasibility, and political wrangling all stand in the way of near-term renewable-energy expansion, globally and in the U.S. The sputtering economic recovery in the U.S. (combined with historically low natural gas prices) and a wave of austerity sweeping through Europe's legislatures are not fostering a celebratory mood when governments propose spending on renewable-energy infrastructure. Even fast-growing economies in Asia, where energy consumption looks set to far outpace that in other regions, seem content to rely on fossil fuels for the time being. Global energy consumption
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RESEARCH Ratings Definitions PDF Support For Renewable Energy Inches Ahead While Global Energy Demand Grows By Leaps And Bounds Publication date: 16-May-2012 Senior Economist: Beth Ann Bovino, New York (1) 212-438-1652; bethann_bovino@standardandpoors...
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