Gallery: Clean Energy Executives Say Grid Parity Without Subsidies Coul...

 

Some of the largest countries on Earth made it clear this week at the World Economic Forum in Davos, Switzerland that, in many cases, renewable energy is just a few years away from reaching grid parity with fossil fuels without subsidies. Worldwide investment in renewable energy totaled $187 billion in 2010, while investment in coal and natural gas was $157 billion. With government subsidies worldwide in jeopardy because of financial woes, the International Energy Agency says countries should hold on for just a few more years until renewables catch up to emissions-laden power companies — which could happen as early as 2015 — after which, it is anyone’s game.

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