PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[HowardHughs]

As of May this year, the green economy now holds roughly the same market share as the fossil fuel sector.

According to market analysts FTSE Russell, 6 percent of globally listed equity was derived from renewable and alternative energy, energy efficiency, water, waste and pollution services. This makes the ‘green economy’ worth approximately $4 trillion, roughly the same as the fossil fuel industry.

Earlier this year, fossil fuel giant British Petroleum (BP) published its yearly forecast for the global energy market and wrote that by 2040, if current trends continue, renewables will grow by 400 percent of their current amount.
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