- The question today is whether the arrival of cheaper hydrocarbons, in the form of shale gas, could also spell the end of renewable energy as a major player.
- The arrival of vast quantities of previously inaccessible hydrocarbons has driven down the price of natural gas in the US from its 2003 peak of US$20 per million British thermal units to today's $2.
- The solar manufacturing industry that has undergone rounds of bankruptcies and consolidation over the past year seems to have finally bottomed out. "We've reached a situation where most of the solar cell and module manufacturers are making losses," said Mr Gielen.
- Already, the global economic crisis has pushed nations such as Spain and the Czech Republic to roll back subsidies that made the costs of green power more equal to fossil fuels and motivated homeowners to pitch solar panels on their roofs." (the bolded text is of course sheer propaganda, NNoN)
- "... in the long term, the failure of nations to come to a meaningful climate change agreement to curb greenhouse-gas emissions has sapped confidence in cap-and-trade carbon markets and investor appetite for projects from carbon burial to nuclear to solar."
Friday, 29 June 2012
Game over for wind and solar power
Even the most die-hard propagandists of wind and solar energy, like the UN International Renewable Energy Agency (Irena), are now forced to admit that the the American led shale gas revolution is a gamechanger. An interview with Dolf Gielen, the director of Irena's Innovation and Technology Centre in Bonn, is quite revealing: