Senior leaders and chief executive officers of manufacturing companies report that the competitive landscape for manufacturing is shifting. Although the U.S. currently ranks third among top competitive nations for manufacturing, projections indicate that the nation will slip to the fifth spot in the next five years, according to the 2013 Global Manufacturing Competitive Index.
Last month when the International Energy Agency (IEA) issued its Medium-Term Renewable Energy Market Report, which forecasts energy trends up until 2018, they surprised a lot of people when they said that clean energy will overtake natural gas by 2016, becoming the second largest energy source after coal. It is also expected to produce double, in absolute terms, the output of nuclear power during the same time frame.
The report came after renewables showed a surprising 8.2 percent growth rate for 2012. This projects out to a 40 percent increase that will put renewables ahead of natural gas by 2018. It also shows renewables accounting for a full 25 percent of the global energy mix by the same year. Read more