Renewables playing catchup
Adoption of green energy will only grow, as technology makes renewables increasingly cost competitive
Opponents of renewable energy—a broad church that can stretch from economists lamenting subsidies' distortion of competitive markets to climate-change-science deniers, and from hydrocarbons industry incumbents to uncompromising single-issue environmental lobbies—have a problem. Their inconvenient truth is that these technologies are well on their way to making the most compelling argument for their future expansion, that of making rational and unsubsidised economic sense. The ongoing recovery in hydrocarbons prices, and, in Europe, by renewed EU emissions trading system carbon market buoyancy, after years of cheap emissions permits, are partial contributors to this greater economic viability
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