26 01/12
13:47

Is Investing in Renewable Energy a Costly Affair?

According to a draft of United Nations report on 4thMay, 2011 showed, “Renewable energies such as wind or solar power are set to surge by 2050, expected advances in technology will bring significant cost cuts”. The Intergovernmental Panel on Climate Change (IPCC) in their meet in Abu Dhabi last year has also indicated, “Further cost reductions are expected, resulting in greater potential for climate change mitigation and reducing the need for policy measures to ensure rapid deployment”.

The above positive statements clearly indicate towards a green energy revolution. There is no doubt that increased share from low carbon energies will affect market share of nuclear power and fossil fuel energies. This will have clear impact on reducing the cost of producing renewable energy. The important thing is that big investors need to take this responsibility. The days are not far off, when we will find renewable energy jobs as the most lucrative ones.

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