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Wind, Solar Will Soon Compete with Fossil Fuels, Chu Says

24 Mar 2011  |   Daniel Jacobs

Tags: Clean Energy

During an event for Pew Charitable Trusts' green-energy campaign yesterday, Energy Secretary Steven Chu stated that clean energy will soon compete with dirty fossil fuels. And what's more, these clean energy solutions, such as wind and solar, will do so without subsidies.

According to Chu:

"You can debate whether it is going to be before the end of this decade or mid-way into the next decade, but it is not going to be three decades. The country and the companies who develop those renewable energy resources that become cost-competitive without any subsidies all of a sudden has a world market, and boy, we can't lose that world market. That's many trillions per year, and it is within reach."

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