Bloomberg: Coal & Gas Will Begin Death Spiral Within Decade

If they haven’t already. Bloomberg New Energy Finance announced:

The World Nears Peak Fossil Fuels for Electricity

Call it peak fossil fuels, a turnabout that’s happening not because we’re running out of coal and gas, but because we’re finding cheaper alternatives. Demand is peaking ahead of schedule because electric cars and affordable battery storage for renewable power are arriving faster than expected, as are changes in China’s energy mix.

They list 8 reasons for the dramatic change that is already happening. Somebody alert the GOP that their energy plank is completely unrealistic.

 

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