A giant Swiss investment bank thinks so. As the good folks at Think Progress point out in this story, the bank, UBS, has issued a new report in which it concludes that Europe may soon be approaching the point at which “large-scale, centralized electricity generation from fossil fuels could be a thing of the past.”
The reason for this incredibly hopeful prospect is pretty straightforward: “a three pronged assault from solar power, battery technology, and electric vehicles…will render obsolete traditional power generation by large utilities that rely on coal or natural gas.” Talk about a great response to the problem of coal ash production!
Meanwhile, here in the states, activists and entrepreneurs continue to make important inroads in advancing the cause of renewables despite the stubborn resistance of giant fossil fuel companies and the politicians and right-wing “think tanks” on their payrolls. A classic and hopeful example was in my email inbox this morning from the state chapter of the Sierra Club:
“Clean Energy For Raleigh” kicks-off program to fast track solar and energy efficiency for homeowners and businesses
RALEIGH – Clean Energy For Raleigh (CE4R), a ground-breaking community-based program that makes the adoption of solar power and energy efficiency upgrades cheaper and easier, has made its way to Raleigh.
“This model blows away the three biggest barriers to adopting clean energy – cost, red-tape, and inaction,” said Chelsea Barnes, the CE4R community coordinator and a volunteer with the NC Sierra Club Capital Group, the program’s sponsor. Read more