EIA: Coal Is Dying As Renewables Rise

15 Sep 2017   Coal

According to the Energy Information Administration’s (EIA) new International Energy Outlook for this year, Asian countries that are not in the Organization for Economic Cooperation and Development (OECD), which includes China and India, will account for more than 60 percent of the projected energy consumption growth between 2015 and 2040. Fossil fuels will still rule the day, accounting for more than three-quarters of global energy consumption through 2040, but renewables and nuclear will outpace fossil fuels in terms of growth. (Click to enlarge) The EIA sees renewables as having the biggest growth spurt, clocking in at a projected 2.3 percent per year increase in consumption between 2015 and 2040, followed by nuclear power, with consumption expected to rise 1.5 percent every year until 2040. Natural gas wins the position of fastest-growing fossil fuel in the EIA’s outlook, which projects worldwide consumption to increase 1.4 percent annually, driven by abundant […]

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