The dash for gas is being outrun by the race for renewables. According to the latest projections from the International Energy Agency, by 2016 global electricity generation from wind, solar, hydro and other forms of renewable power will exceed that from natural gas – and should be double that provided by nuclear plants. This surge is being driven in large part by emerging economies. China is leading the way, accounting for 40 per cent of the projected global growth in renewables between 2012 and 2018, the IEA – a Paris-based body with 28 member countries – notes. So are we on track to...
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