Plunging prices and booming investments are beginning to reshape the energy market, according to a couple of reports that were released this week. A report produced on behalf of Bloomberg says that investments in renewable energy have gone up by roughly a third over the last year, to $211 billion. Led by China’s renewable push, the world is now on a trajectory that will see its investments in renewable electricity surpass those in fossil fuels within a year or two. As a result of these investments, the US is now producing more renewable energy than nuclear power.
Now we just need a viable method of transporting that power for consumer use. Hydrogen cars anyone?
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Take half that money, put it into researching more efficient lasers and photovoltaic cells, bounce energy off satellites.