I’ve been loving these lower gas prices and so has anti-green movement organizations.
In an article by the Christian Science Monitor, the lower gas prices are sparking a new debate concerning the need for renewable energy in the world.
Globally, renewables – biomass, geothermal, hydroelectric, solar, and wind – continue to be the fastest growing power source. Declines in hydroelectric power have been countered by greater growth in wind and solar. By 2020, the International Energy Agency (IEA)believes global renewable electricity generation will surpass natural gas as the second most important global electricity source, behind coal. Today, the National Renewable Energy Laboratoryestimates that renewable energy accounts for 23 percent of all electricity generation worldwide. However, this figure is a bit misleading.
The problem posed here is that people are making predictions based on the current situation. Gas prices fluctuated for a while there, and there’s a lot of reasons concerning this recent deflation.
Since 2003, the share of renewables in global electricity generation has remained relatively flat compared to the more linear growth of renewable generation capacity. Simply put, hydrocarbons aren’t leaving. In fact, fossil fuels growth in electricity generation in both developed and developing nations – approximately 10 percent since 2008 –has largely offset the remarkable renewable growth to date. In the United States, the shale gas revolution and more stringent coal regulations have led to an increased share of natural gas in electricity generation – 21 percent since 2008.
This is a rare time I can look at numbers and be interested. Probably because gasoline is something that I regularly consume/worry about. I’m always sad to see that $50 in my paycheck go to gas, so I’d like to be hopeful about this, but then again, maybe not.
So, don’t get too hopeful yet, folks. We’ve still gotta figure out that Keystone issue.