Renewable energy nips at the heels of fossil fuels

A new report shows that renewable energy is beginning to mix it with the big players in the fossil fuels sector – and it is solar leading the charge.

As we reported yesterday in the news section of Climate Spectator, Bloomberg New Energy Finance, commissioned by the United Nations Environment Program, has just released its annual wrap-up of global investment trends in renewable energy for the 2011 period.

While the International Energy Agency made it clear yesterday that there is so much we need to do to contain global warming (IEA: We’re on track for 6 degree warming, June 12), this Bloomberg report provides some reasons for optimism.

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