Lakhota
Diamond Member
But the shift may not happen quickly enough to avert the worst effects of climate change.
Coal-fired power is on pace to collapse in the United States and Europe over the next two decades, and will peak worldwide in nine years, according to a long-term forecast released on Thursday.
Solar and wind energy, meanwhile, will dominate over the next 23 years, comprising nearly three-quarters of the expected $10.2 trillion in new electricity investments.
“This year’s report suggests that the greening of the world’s electricity system is unstoppable, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including those in electric vehicles, in balancing supply and demand,” Seb Henbest, lead author of Bloomberg New Energy Finance’s 2017 New Energy Outlook report, said in a statement.
As a result, carbon pollution from the power sector will reach its apex in 2026. By 2040, emissions are forecast to be 4 percent below 2016 levels.
More: Coal Market Set To Collapse Worldwide By 2040 As Solar And Wind Dominate
Sounds good to me! Coal powered the industrial revolution. However, now we know it's killing the planet.
Coal-fired power is on pace to collapse in the United States and Europe over the next two decades, and will peak worldwide in nine years, according to a long-term forecast released on Thursday.
Solar and wind energy, meanwhile, will dominate over the next 23 years, comprising nearly three-quarters of the expected $10.2 trillion in new electricity investments.
“This year’s report suggests that the greening of the world’s electricity system is unstoppable, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including those in electric vehicles, in balancing supply and demand,” Seb Henbest, lead author of Bloomberg New Energy Finance’s 2017 New Energy Outlook report, said in a statement.
As a result, carbon pollution from the power sector will reach its apex in 2026. By 2040, emissions are forecast to be 4 percent below 2016 levels.
More: Coal Market Set To Collapse Worldwide By 2040 As Solar And Wind Dominate
Sounds good to me! Coal powered the industrial revolution. However, now we know it's killing the planet.