Thursday, November 8, 2018

Market forces driving renewables

In the US, the percentage of renewable energy has doubled in the last decade. It’s still only 17% but there are a number of market forces driving the shift to clean energy. Some like the Federal tax credit will phase out in a few years. But coal is becoming unaffordable by comparison, a deregulation is making it easier for people to get power from different utilities. Corporations are also driving demand:

Currently, 71 of Fortune 100 companies have set renewable energy targets, with 22 of those committing to procure 100 percent of their energy from renewable sources.

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