From the Editor

Even as the price of oil tumbles, renewables are making progress all over the world. In fact, as our Last Word explains, a true “decoupling” of oil prices and renewable energy prices has taken place, particularly with regard to returns on renewable energy projects in the developing world. Today, we are seeing an equal amount of investment dollars going to projects in the developing world as we are seeing investments being made on projects in the developed world. That’s a first.

The de-centralized nature of renewable energy means that small villages and rural areas in very remote locations can leapfrog the grid, becoming energized with solar microgrid technology. Further, innovative “pay-as-you-go” type business models are proving that bringing green energy to the developing world is no longer a charitable endeavor. There is real money to be made in this work.

Finally, Bloomberg New Energy Finance shows us that globally the amount of new clean energy capacity installed in 2014 was greater than the amount of new fossil-powered energy capacity – a trend that the firm expects will continue as we move forward.

In conversations that I have with those working in the fossil industry, I get the sense that statistics like these often make them feel defensive about the work they are doing and fearful about the future of their careers. It is important for us all to keep in mind that it took more than 100 years to get to this point in our energy evolution and a full transition to clean energy will likely take an equally long time. It’s a mighty long see-saw but the tipping point may very well be here.

Jennifer Runyon, Chief Editor

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