The End of Coal? at The Clean Industrial Revolution

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The End of Coal?

Published

Ben

on June 15, 2009

in Uncategorized

A new UN finance report was just released showing global investment in renewables (wind, solar, biofuel, geothermal) in 2008 ($US155b) for the first time exceeded investment in fossil fuels like coal/natural gas (US$110b). Most encouraging is that although developed nations posted the most clean energy investment, there was a strong investment shift within developing countries (in particular China and India). The Clean Industrial Revolution is happening and Australia must break our addiction with the old fossil-driven economy of the past or we’ll end up digging up high-carbon resources that the world will not want - not a particularly wise economic strategy.

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