Transition to renewable energy in Germany is irreversible

The age of fossil fuels is over.

The German minister responsible for that country’s “Energiewende” says it is time that the private sector around the world realized that the age of fossil fuels is over, and his own country’s energy transition is irreversible.

Last week, new data from Bloomberg New Energy Finance suggested that in 2015 – like 2014 – more money was invested in renewable energy generation than in fossil fuels. Some $US329 billion went into clean energy investment in the last year.

But still, enormous amounts not captured by this data appear to be spent searching for new reserves to replenish and expand fossil fuel resources.

Read Giles Parkinson’s story on RenewEconomy - “When will private sector learn that age of fossil fuels is over?”