Alternate Energy Investments up, But May Go Way Down
Alternate Energy Investments up, But May Go Way Down “Renewable Power Trumps Fossils for First Time as UN Talks Stall” headlined a Bloomberg.com article of November 24. http://www.bloomberg.com/news/2011-11-25/fossil-fuels-beaten-by-renewables-for-first-time-as-climate-talks-founder.html (Alex Morales) The good news for greens was that last year [presumably calendar year 2010] green energies of wind, sun, waves, and biomass received $187 billion in vestments while conventional energy sources of natural gas, oil, and coal only received $157 billion. The bad news for greens is that green-energy investments may decline severely in 2012. The article noted two interlocking issues, economic crisis and stalled climate negotiations. One good economic crisis was that billions of dollars of green-energy subsidies drove prices down; good for consumers but tough on fledgling companies. However, economic problems in many countries may drastically lower energy investments in the next several