‘Alternative energy won’t alter fossil fuel use’

Despite the rise in popularity of alternative energy, fossil fuel is not about to bow out from the scene, at least not in the foreseeable future, said visiting financing expert Ven Medabalmi.

In his presentation during the recently concluded Marianas Roundtable – Focus on Energy, Medabalmi said the global installed renewable energy capacity is expected to more than double over the next 10 years from approximately 130GW to 300GW.

But Medabalmi said that alternative energy could only enhance and supplement existing energy infrastructure.
Saipan Tribune