In the next four years, U.S. renewable energy development will outpace conventional fuel plants
As the economist and columnist Paul Krugman wrote this week, renewable energy technologies are getting better, and cheaper, at a rapid clip, and the prospect of one day powering the U.S.—or at least a sizable chunk of it—with renewable energy is coming closer to reality. The U.S. Energy Department is planning, too, to offer up to $4 billion in loans to renewable energy companies, according to Reuters. This isn't just an ideological aim: investing in renewable technological can make economic sense, as well.
The U.S. is already headed to an increased reliance on renewable energy generation. According to a new analysis by SNL Financial, more than half of all new energy generation infrastructure planned for the next few years is renewable energy.
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