Market Forces Driving 'Great Transition' Into Solar, Wind Stocks

Government policy has historically driven investment into renewable energy, but now social and market forces are driving costs down and creating money-making opportunities, said Janet Larsen, Co-Author of ‘The Great Transition’. Larsen added that oil use has dropped in the United States since 2009 due to conservation and more efficient cars. She said nuclear power will also decline because the economics are not positive due to the massive costs and regulatory hurdles. Furthermore, Larsen said large investment institutions like Goldman Sachs and Morgan Stanley are channeling money into renewable energy projects.