Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Renewables Beat Fossil Fuels 6 Months in a Row

Business
Renewables Beat Fossil Fuels 6 Months in a Row

Forty four years ago, on the first Earth Day, we were only using solar cells on satellites. NASA was still four years away from launching the program that would give birth to the modern wind turbine.

Fast forward to the present and renewable energy is beating fossil fuels on every front. Every day seems to bring more news of another city or company that has blown past its clean energy targets, or another region where solar and wind power are now cheaper than coal and gas.

The question is no longer if we can create an economy powered by 100 percent clean energy, but how fast we can do it and who will own it. Photo credit: Wikipedia

The chart below is a snapshot of life on the cusp of a new energy era. Between October 2013 and March 2014, 80 percent of the new electricity installed in the U.S. was renewable energy. In California, where I live, we installed more solar in 2013 than in the previous 30 years combined.

For three of the last six months, 100 percent of all of the new electricity added to the U.S. grid was renewable energy. That’s 80 percent renewables in total — and over half of that was solar. Natural gas made up the remainder, and conventional oil was a mere .02 percent. This is what the future of energy looks like.

 

The question is no longer if we can create an economy powered by 100 percent clean energy, but how fast we can do it and who will own it. Will we act with the vision and speed necessary to avert catastrophic climate change? Will we create an energy system that profits a few mega-corporations or one whose benefits flow to all of our communities?

My company, Mosaic, is allowing more people to invest in solar. We believe that the fastest way to build a world powered by 100 percent clean energy is to give everyone the opportunity to profit from it. Our investors help to accelerate the transition to clean energy by providing affordable financing for solar projects. In turn, our investors receive good returns, grounded in tangible assets in communities all across the country.

Since the first Earth Day, our scientists and engineers have accomplished nothing short of a miracle. For the first time in modern history, we have the technology to build a world powered entirely by wind, water and sunlight. Now it’s time for all of us to build.

——–

YOU ALSO MIGHT LIKE

——–

In an ad released by Republican Voters Against Trump, former coronavirus task force member Olivia Troye roasted the president for his response. Republican Voters Against Trump / YouTube

Yet another former Trump administration staffer has come out with an endorsement for former Vice President Joe Biden, this time in response to President Donald Trump's handling of the coronavirus pandemic.

Read More Show Less

EcoWatch Daily Newsletter

Climate Group

Every September for the past 11 years, non-profit the Climate Group has hosted Climate Week NYC, a chance for business, government, activist and community leaders to come together and discuss solutions to the climate crisis.

Read More Show Less

Trending

A field of sunflowers near the Mehrum coal-fired power station, wind turbines and high-voltage lines in the Peine district of Germany on Aug. 3, 2020. Julian Stratenschulte / picture alliance via Getty Images

By Elliot Douglas

The coronavirus pandemic has altered economic priorities for governments around the world. But as wildfires tear up the west coast of the United States and Europe reels after one of its hottest summers on record, tackling climate change remains at the forefront of economic policy.

Read More Show Less
Monarch butterflies in Mexico's Oyamel forest in Michoacan, Mexico after migrating from Canada. Luis Acosta / AFP / Getty Images

By D. André Green II

One of nature's epic events is underway: Monarch butterflies' fall migration. Departing from all across the United States and Canada, the butterflies travel up to 2,500 miles to cluster at the same locations in Mexico or along the Pacific Coast where their great-grandparents spent the previous winter.

Read More Show Less
The 30th First Annual Ig Nobel Prize Ceremony on Sept. 17 introduced ten new Ig Nobel Prize winners, each intended to make people "laugh then think." Improbable Research / YouTube

The annual Ig Nobel prizes were awarded Thursday by the science humor magazine Annals of Improbable Research for scientific experiments that seem somewhat absurd, but are also thought-provoking. This was the 30th year the awards have been presented, but the first time they were not presented at Harvard University. Instead, they were delivered in a 75-minute pre-recorded ceremony.

Read More Show Less

Support Ecowatch