China could easily surpass Europe, Japan and the US by 2010 as the world’s largest consumer of renewable energy. And that not only needs to happen but that has to happen given China’s energy consumption has more than trebled in just over three decades. Much of the country’s rapid economic growth is fueled by cheap abundant power and low-cost labor.
Wind Power Stocks
Wind power is clean, more efficient than ever, not dependent on fossil fuels and aided by the government. Wind power’s use is growing rapidly across the country and world while the cost of wind energy has fallen 80 percent since the early ’80s. Now competitive with coal and much cheaper than either natural gas- or oil-generated electricity, wind power stocks are enjoying a worldwide surge, making investing in wind energy stocks a profitable proposition for many investors.
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Wind is rapidly emerging as an important piece in the global energy puzzle, and China has been at the forefront of this transformation.
Wind is rapidly emerging as an important piece in the global energy puzzle, and China has been at the forefront of this transformation.
T. Boone Pickens isn’t the first energy impresario to stun his peers by embracing and espousing environmentalist positions. Jim Rogers, CEO of Duke Energy, made a lot of enemies in the industry when he acknowledged the dangers of climate change and championed cap-and-trade regulations on carbon emissions.
The global warming camp gained another piece of ammunition in late March with the revelation that a large part of the Antarctic Wilkins Ice Shelf, spanning more than 415 square kilometers, is collapsing.
Last week I was aboard the MS Deutschland cruising the Baltic Sea in northern Europe for the KCI Investment Cruise. Leaving from the German port of Travemunde…
At first glance, alternative energy appears to offer a chance for the world to have its cake and eat it, too.
What’s the cheapest source of power deep in the heart of Texas? If you answered natural gas, you’re way off. Burning gas produces over half the electricity in the Lone Star State.
At first blush, alternative energy certainly might seem like the perfect answer to spiking energy prices and surging global electricity demand. But the fact is that when it comes to meeting global energy demands, there are no perfect solutions, nor is there a single emerging technology that can meet all demands.
